Elwood & Goetz Wealth Advisory Group LLC Has $393,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Elwood & Goetz Wealth Advisory Group LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,581 shares of the electric vehicle producer’s stock after purchasing an additional 136 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Tesla were worth $393,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Transform Wealth LLC lifted its stake in Tesla by 16.3% in the 4th quarter. Transform Wealth LLC now owns 4,683 shares of the electric vehicle producer’s stock valued at $1,164,000 after purchasing an additional 657 shares during the last quarter. Johnson Bixby & Associates LLC lifted its stake in Tesla by 9.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 2,925 shares of the electric vehicle producer’s stock valued at $727,000 after purchasing an additional 250 shares during the last quarter. Successful Portfolios LLC acquired a new stake in Tesla in the 4th quarter valued at about $289,000. MJP Associates Inc. ADV lifted its stake in Tesla by 19.6% in the 4th quarter. MJP Associates Inc. ADV now owns 3,024 shares of the electric vehicle producer’s stock valued at $751,000 after purchasing an additional 495 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in Tesla by 34.2% during the fourth quarter. Washington Trust Advisors Inc. now owns 2,033 shares of the electric vehicle producer’s stock worth $505,000 after acquiring an additional 518 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,598 shares of company stock valued at $36,952,434. Corporate insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TSLA shares. Sanford C. Bernstein lowered their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday. Mizuho reaffirmed a “neutral” rating and set a $195.00 target price (down from $270.00) on shares of Tesla in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Canaccord Genuity Group decreased their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Finally, KGI Securities reissued a “neutral” rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $204.63.

Tesla Trading Down 2.2 %

TSLA opened at $175.79 on Friday. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company has a market cap of $559.85 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 4.06 and a beta of 2.41. The company has a fifty day moving average price of $187.78 and a two-hundred day moving average price of $222.06.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts predict that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

About Tesla

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.