OneAscent Financial Services LLC Has $845,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

OneAscent Financial Services LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,808 shares of the electric vehicle producer’s stock after selling 174 shares during the period. OneAscent Financial Services LLC’s holdings in Tesla were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wyrmwood Management LLC bought a new position in shares of Tesla in the fourth quarter worth about $25,000. Lam Group Inc. bought a new position in shares of Tesla in the fourth quarter worth about $25,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla in the fourth quarter worth about $37,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in shares of Tesla by 111.1% in the fourth 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 during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSLA. Truist Financial dropped their price objective on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. HSBC lowered their price target on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research note on Wednesday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price target on shares of Tesla in a research note on Friday, June 14th. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Tesla in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,855 shares of company stock valued at $19,285,643. 25.10% of the stock is currently owned by corporate insiders.

Tesla Stock Up 0.2 %

Shares of TSLA opened at $197.88 on Friday. The company has a market capitalization of $631.08 billion, a P/E ratio of 50.48, a PEG ratio of 4.91 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The business’s 50 day simple moving average is $177.80 and its 200-day simple moving average is $191.71.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. As a group, sell-side analysts predict that Tesla, Inc. will post 1.86 EPS for the current fiscal 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.