Williams Jones Wealth Management LLC. Sells 962 Shares of Tesla, Inc. (NASDAQ:TSLA)

Williams Jones Wealth Management LLC. cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,796 shares of the electric vehicle producer's stock after selling 962 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Tesla were worth $3,148,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla during the fourth quarter worth $56,600,000. Stephens Consulting LLC grew its position in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its holdings in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. bought a new position in Tesla in the fourth quarter valued at about $8,158,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Tesla by 23.0% during the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after purchasing an additional 60,342 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the 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 directly owns 23,084 shares of the company's stock, valued at $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $343.82 on Wednesday. The stock's 50 day moving average is $271.29 and its 200-day moving average is $331.39. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 168.54, a PEG ratio of 5.86 and a beta of 2.43.

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

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Wedbush reaffirmed an "outperform" rating and set a $350.00 price target on shares of Tesla in a research note on Thursday, May 1st. Piper Sandler set a $400.00 price target on shares of Tesla in a report on Tuesday, May 6th. Finally, Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $289.43.

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.

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