Peterson Wealth Advisors LLC Trims Stake in Tesla, Inc. (NASDAQ:TSLA)


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Peterson Wealth Advisors LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 27.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585 shares of the electric vehicle producer’s stock after selling 217 shares during the quarter. Peterson Wealth Advisors LLC’s holdings in Tesla were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Tesla by 64.1% in the 4th quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock worth $5,712,005,000 after purchasing an additional 3,160,909 shares in the last quarter. Norges Bank bought a new stake in shares of Tesla in the 4th quarter valued at about $5,497,219,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Tesla by 57.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock valued at $2,450,790,000 after acquiring an additional 1,263,228 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Tesla by 61.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock valued at $2,388,575,000 after acquiring an additional 1,288,796 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Tesla by 9.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,251,744 shares of the electric vehicle producer’s stock valued at $2,294,658,000 after acquiring an additional 278,330 shares during the last quarter. Institutional investors and hedge funds own 41.39% of the company’s stock.

Shares of NASDAQ:TSLA opened at $684.90 on Tuesday. The company has a market capitalization of $659.78 billion, a price-to-earnings ratio of 1,375.30, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. Tesla, Inc. has a 52 week low of $139.60 and a 52 week high of $900.40. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $687.41 and a 200 day moving average of $659.28.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.14. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $9.89 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The business’s revenue for the quarter was up 73.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 1.02 EPS for the current year.

A number of equities research analysts have recently weighed in on TSLA shares. Wedbush reissued a “buy” rating and issued a $1,000.00 target price on shares of Tesla in a research note on Friday, April 9th. Roth Capital reaffirmed a “neutral” rating and set a $150.00 price target on shares of Tesla in a research report on Thursday, January 28th. FIX raised Tesla to a “buy” rating in a research report on Tuesday, March 9th. BNP Paribas lowered Tesla from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $385.00 to $340.00 in a research report on Tuesday, January 5th. Finally, Mizuho increased their target price on Tesla to $820.00 and gave the stock a “buy” rating in a research report on Monday, April 26th. Eleven analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tesla presently has an average rating of “Hold” and an average target price of $421.93.

In other Tesla news, Director Kimbal Musk sold 30,000 shares of the firm’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $852.12, for a total transaction of $25,563,600.00. Following the transaction, the director now directly owns 621,769 shares of the company’s stock, valued at approximately $529,821,800.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 62,500 shares of Tesla stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $740.97, for a total transaction of $46,310,625.00. Following the completion of the sale, the director now directly owns 67,500 shares in the company, valued at approximately $50,015,475. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,153 shares of company stock valued at $109,617,129. 23.00% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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