Landaas & Co. WI ADV Sells 5,200 Shares of Tesla, Inc. (NASDAQ:TSLA)

Landaas & Co. WI ADV cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,883 shares of the electric vehicle producer's stock after selling 5,200 shares during the period. Tesla comprises approximately 0.4% of Landaas & Co. WI ADV's investment portfolio, making the stock its 14th biggest position. Landaas & Co. WI ADV's holdings in Tesla were worth $1,568,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TSLA. True Wealth Design LLC lifted its stake in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. increased its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. boosted its stake in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares in the last quarter. Navigoe LLC bought a new stake in Tesla in the fourth quarter valued at $37,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla during the 4th quarter worth about $38,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSLA. Truist Financial set a $280.00 target price on Tesla in a research report on Tuesday, April 22nd. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. UBS Group dropped their target price on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares of the company's stock, valued at approximately $6,833,325.68. This represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the transaction, the director now owns 4,111 shares in the company, valued at $1,053,690.41. This trade represents a 3,603.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 415,623 shares of company stock valued at $116,650,831 in the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

Tesla stock traded up $23.55 during midday trading on Tuesday, reaching $362.89. 118,443,476 shares of the stock were exchanged, compared to its average volume of 97,589,424. The company's fifty day moving average is $279.40 and its 200-day moving average is $333.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The firm has a market cap of $1.17 trillion, a PE ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the business posted $0.45 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.