Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Reston Wealth Management LLC

Reston Wealth Management LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 949 shares of the electric vehicle producer’s stock after selling 133 shares during the period. Reston Wealth Management LLC’s holdings in Tesla were worth $383,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Invesco LLC acquired a new stake in Tesla during the 4th quarter valued at $214,000. Swedbank AB grew its stake in shares of Tesla by 2.8% during the fourth quarter. Swedbank AB now owns 1,129,432 shares of the electric vehicle producer’s stock valued at $456,110,000 after acquiring an additional 30,715 shares in the last quarter. Allen Capital Group LLC increased its position in shares of Tesla by 4.3% during the fourth quarter. Allen Capital Group LLC now owns 4,309 shares of the electric vehicle producer’s stock worth $1,740,000 after acquiring an additional 179 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of Tesla by 8.5% in the fourth quarter. Strategic Blueprint LLC now owns 15,837 shares of the electric vehicle producer’s stock worth $6,396,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. boosted its holdings in Tesla by 7.2% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 5,717 shares of the electric vehicle producer’s stock valued at $2,309,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research report on Monday, January 6th. Morgan Stanley increased their price target on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Stifel Nicolaus boosted 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, Royal Bank of Canada reaffirmed an “outperform” rating and set a $440.00 target price on shares of Tesla in a report on Thursday. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $318.31.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 553,386 shares of company stock valued at $196,305,796 over the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Price Performance

Shares of TSLA stock opened at $404.60 on Monday. The company has a market capitalization of $1.30 trillion, a P/E ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a 50 day moving average of $404.22 and a two-hundred day moving average of $299.34.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. As a group, equities analysts expect that Tesla, Inc. will post 2.82 EPS for the current year.

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.