Stokes Family Office LLC Decreases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Stokes Family Office LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,442 shares of the electric vehicle producer’s stock after selling 195 shares during the period. Stokes Family Office LLC’s holdings in Tesla were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new position in Tesla during the fourth quarter valued at $25,000. Lam Group Inc. bought a new stake in Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC lifted its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the fourth quarter worth $37,000. Finally, Kathleen S. Wright Associates Inc. raised its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA traded up $7.20 during mid-day trading on Friday, reaching $248.23. 155,698,751 shares of the stock were exchanged, compared to its average volume of 100,049,766. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The business’s 50 day moving average is $191.41 and its 200-day moving average is $191.76. The company has a market capitalization of $791.66 billion, a P/E ratio of 63.32, a P/E/G ratio of 6.58 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. On average, equities research analysts forecast that Tesla, Inc. will post 1.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSLA shares. Canaccord Genuity Group increased their price target on Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Truist Financial reissued a “hold” rating and set a $162.00 target price on shares of Tesla in a research note on Wednesday, July 3rd. China Renaissance raised shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Friday, July 5th. Royal Bank of Canada cut their target price on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. Finally, Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $201.58.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. 25.10% of the stock is owned by corporate 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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.