Stewardship Advisors LLC Acquires 54 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stewardship Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,601 shares of the electric vehicle producer’s stock after acquiring an additional 54 shares during the period. Stewardship Advisors LLC’s holdings in Tesla were worth $415,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. True Wealth Design LLC raised its stake in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. raised its stake in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. raised its stake in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares during the last quarter. Navigoe LLC bought a new position in Tesla during the fourth quarter worth $37,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla during the fourth quarter worth $38,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,564 shares of Tesla stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $285.71, for a total value of $732,560.44. Following the sale, the chief financial officer now owns 5,924 shares of the company’s stock, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $24,274,300. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by insiders.

Tesla Stock Up 1.9%

Tesla stock opened at $325.31 on Monday. Tesla, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $488.54. The stock has a market cap of $1.05 trillion, a PE ratio of 159.47, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The firm’s 50-day simple moving average is $299.39 and its 200 day simple moving average is $332.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSLA shares. HSBC lowered their target price on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 23rd. Truist Financial set a $280.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Baird R W downgraded shares of Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Finally, Cfra Research downgraded shares of Tesla from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $293.67.

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.