McKinley Carter Wealth Services Inc. Has $656,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

McKinley Carter Wealth Services Inc. trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,532 shares of the electric vehicle producer's stock after selling 863 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in Tesla were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its stake in Tesla by 27.0% during the first quarter. Ironwood Wealth Management LLC. now owns 992 shares of the electric vehicle producer's stock valued at $257,000 after buying an additional 211 shares in the last quarter. Focus Financial Network Inc. boosted its stake in Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after buying an additional 670 shares in the last quarter. Ellenbecker Investment Group boosted its position in shares of Tesla by 3.4% in the 1st quarter. Ellenbecker Investment Group now owns 2,552 shares of the electric vehicle producer's stock valued at $661,000 after purchasing an additional 85 shares during the period. My Legacy Advisors LLC boosted its position in shares of Tesla by 13.1% in the 1st quarter. My Legacy Advisors LLC now owns 4,388 shares of the electric vehicle producer's stock valued at $1,137,000 after purchasing an additional 509 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV boosted its position in shares of Tesla by 35.7% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 540 shares of the electric vehicle producer's stock valued at $140,000 after purchasing an additional 142 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock traded up $6.20 during trading on Friday, reaching $325.31. The company had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. The firm's 50 day simple moving average is $299.39 and its two-hundred day simple moving average is $332.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a one year low of $177.00 and a one year high of $488.54. The company has a market capitalization of $1.05 trillion, a PE ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47.

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 for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSLA. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada decreased their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Finally, UBS Group decreased their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Ten equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $293.67.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $6,737,500. The trade was a 12.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the transaction, the director now directly owns 855,394 shares in the company, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 818,509 shares of company stock valued at $273,791,775. Corporate insiders own 20.70% of the company's stock.

Tesla 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.