Silvia Mccoll Wealth Management LLC Decreases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Silvia Mccoll Wealth Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 3.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,823 shares of the electric vehicle producer’s stock after selling 180 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Tesla were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter valued at $25,000. Bank & Trust Co bought a new stake in shares of Tesla during the 2nd quarter valued at about $25,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla during the 4th quarter valued at about $37,000. Guardian Wealth Management Inc. bought a new position in shares of Tesla in the 4th quarter worth approximately $47,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent analyst reports. UBS Group downgraded Tesla from a “neutral” rating to a “sell” rating and lifted their target price for the company from $147.00 to $197.00 in a research note on Friday, July 12th. Royal Bank of Canada reduced their target price on Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird restated an “outperform” rating and set a $280.00 price objective on shares of Tesla in a report on Tuesday, July 16th. Piper Sandler increased their price target on Tesla from $205.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group lifted their price objective on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.21.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Tesla Trading Up 5.2 %

Tesla stock traded up $10.34 during mid-day trading on Tuesday, hitting $207.83. The company’s stock had a trading volume of 75,751,402 shares, compared to its average volume of 99,634,234. The stock’s fifty day moving average is $212.46 and its two-hundred day moving average is $190.39. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $663.94 billion, a PE ratio of 52.17, a price-to-earnings-growth ratio of 5.17 and a beta of 2.31. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.79 EPS for the current year.

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.