Scott Capital Advisors LLC Sells 65 Shares of Tesla, Inc. (NASDAQ:TSLA)

Scott Capital Advisors LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,970 shares of the electric vehicle producer’s stock after selling 65 shares during the period. Scott Capital Advisors LLC’s holdings in Tesla were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TSLA. Holderness Investments Co. boosted its holdings in shares of Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Tesla by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares during the last quarter. Cravens & Co Advisors LLC boosted its stake in Tesla by 1.2% in the third quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock valued at $1,025,000 after buying an additional 48 shares in the last quarter. Patten & Patten Inc. TN grew its position in Tesla by 1.1% in the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock valued at $1,143,000 after acquiring an additional 48 shares during the last quarter. Finally, Caerus Investment Advisors LLC raised its stake in Tesla by 0.3% during the fourth quarter. Caerus Investment Advisors LLC now owns 14,395 shares of the electric vehicle producer’s stock worth $3,577,000 after acquiring an additional 49 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $200.95 on Monday. The firm has a market cap of $640.87 billion, a PE ratio of 51.26, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The business’s 50 day moving average price is $177.80 and its two-hundred day moving average price is $191.38.

Tesla (NASDAQ:TSLA) last issued its earnings results 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. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, equities analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Tesla in a research note on Monday, June 24th. Wedbush restated an “outperform” rating and issued a $275.00 target price on shares of Tesla in a research report on Friday, June 14th. Piper Sandler reiterated an “overweight” rating and set a $205.00 price target on shares of Tesla in a report on Monday, April 22nd. Mizuho dropped their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $187.30.

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.