1,907 Shares in Tesla, Inc. $TSLA Bought by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,907 shares of the electric vehicle producer’s stock, valued at approximately $858,000.

Other institutional investors also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the third quarter worth about $30,000. Manning & Napier Advisors LLC acquired a new position in Tesla in the 3rd quarter valued at about $29,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla during the 3rd quarter valued at approximately $31,000. Westend Capital Management LLC purchased a new stake in Tesla during the 3rd quarter valued at approximately $32,000. Finally, Chapman Financial Group LLC acquired a new stake in Tesla during the 2nd quarter worth approximately $26,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Tigress Financial initiated coverage on Tesla in a report on Thursday, February 12th. They issued a “buy” rating and a $550.00 target price on the stock. Wells Fargo & Company decreased their price target on Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $406.84.

Read Our Latest Stock Report on TSLA

Tesla Stock Down 3.2%

Tesla stock opened at $380.24 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The company has a market cap of $1.43 trillion, a PE ratio of 352.07, a price-to-earnings-growth ratio of 11.61 and a beta of 1.89. The stock’s 50 day moving average price is $416.30 and its 200 day moving average price is $426.27.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Tesla’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,995 shares of company stock valued at $38,315,650 in the last ninety days. 19.90% of the stock is currently owned by company insiders.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Stories

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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