Priebe Wealth Holdings LLC Sells 49 Shares of Tesla, Inc. (NASDAQ:TSLA)

Priebe Wealth Holdings LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,050 shares of the electric vehicle producer’s stock after selling 49 shares during the period. Priebe Wealth Holdings LLC’s holdings in Tesla were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Gemmer Asset Management LLC increased its stake in Tesla by 6.0% during the 4th quarter. Gemmer Asset Management LLC now owns 5,129 shares of the electric vehicle producer’s stock worth $2,071,000 after acquiring an additional 290 shares during the period. Lee Johnson Capital Management LLC increased its stake in Tesla by 1.7% during the 4th quarter. Lee Johnson Capital Management LLC now owns 16,385 shares of the electric vehicle producer’s stock worth $6,617,000 after acquiring an additional 270 shares during the period. McCarthy & Cox bought a new position in Tesla during the 4th quarter worth $269,000. Flower City Capital increased its stake in Tesla by 15.2% during the 4th quarter. Flower City Capital now owns 961 shares of the electric vehicle producer’s stock worth $388,000 after acquiring an additional 127 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Tesla by 31.7% in the 4th quarter. UMB Bank n.a. now owns 151,336 shares of the electric vehicle producer’s stock valued at $61,116,000 after purchasing an additional 36,409 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSLA shares. StockNews.com upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective on the stock in a report on Thursday, October 24th. Truist Financial reissued a “hold” rating and set a $360.00 price objective on shares of Tesla in a report on Thursday, January 2nd. Stifel Nicolaus raised their price objective on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Evercore ISI raised their price objective on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $309.48.

Tesla Price Performance

Tesla stock opened at $415.11 on Thursday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $393.38 and its 200 day simple moving average is $291.27. The company has a market cap of $1.33 trillion, a price-to-earnings ratio of 113.73, a PEG ratio of 8.60 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. Tesla’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,886 shares of company stock worth $212,451,751. Insiders own 20.70% of the company’s stock.

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.