Centennial Wealth Advisory LLC Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

Centennial Wealth Advisory LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 106.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,094 shares of the electric vehicle producer’s stock after purchasing an additional 563 shares during the period. Centennial Wealth Advisory LLC’s holdings in Tesla were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Johnson & White Wealth Management LLC purchased a new stake in Tesla in the fourth quarter worth $216,000. Fiduciary Alliance LLC increased its stake in shares of Tesla by 6.1% during the fourth quarter. Fiduciary Alliance LLC now owns 9,968 shares of the electric vehicle producer’s stock valued at $2,477,000 after buying an additional 577 shares during the period. Blackston Financial Advisory Group LLC purchased a new position in shares of Tesla during the fourth quarter valued at $3,619,000. Family Investment Center Inc. purchased a new position in shares of Tesla during the fourth quarter valued at $240,000. Finally, Kingdom Financial Group LLC. increased its stake in shares of Tesla by 3.6% during the fourth quarter. Kingdom Financial Group LLC. now owns 2,258 shares of the electric vehicle producer’s stock valued at $561,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Jefferies Financial Group cut their price target on Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, January 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Sanford C. Bernstein dropped their price objective on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company downgraded Tesla from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $200.00 to $125.00 in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $208.04.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is owned by corporate insiders.

Tesla Trading Up 2.9 %

Tesla stock opened at $177.67 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a market capitalization of $565.84 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.90 and a beta of 2.41. The stock has a 50-day moving average price of $189.34 and a 200 day moving average price of $222.86.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 2.44 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.