Elwood & Goetz Wealth Advisory Group LLC Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,581 shares of the electric vehicle producer’s stock after buying an additional 136 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Tesla were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Transform Wealth LLC boosted its holdings in shares of Tesla by 16.3% during the 4th quarter. Transform Wealth LLC now owns 4,683 shares of the electric vehicle producer’s stock valued at $1,164,000 after buying an additional 657 shares in the last quarter. Johnson Bixby & Associates LLC boosted its stake in Tesla by 9.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 2,925 shares of the electric vehicle producer’s stock worth $727,000 after purchasing an additional 250 shares in the last quarter. Successful Portfolios LLC bought a new position in Tesla in the 4th quarter worth about $289,000. MJP Associates Inc. ADV boosted its stake in Tesla by 19.6% in the 4th quarter. MJP Associates Inc. ADV now owns 3,024 shares of the electric vehicle producer’s stock worth $751,000 after purchasing an additional 495 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in Tesla by 34.2% in the 4th quarter. Washington Trust Advisors Inc. now owns 2,033 shares of the electric vehicle producer’s stock worth $505,000 after purchasing an additional 518 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $175.79 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $187.78 and its two-hundred day simple moving average is $222.06. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The firm has a market cap of $559.85 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 4.06 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,598 shares of company stock worth $36,952,434. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Guggenheim upped their price target on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. Canaccord Genuity Group lowered their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesla from $218.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays lowered their target price on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Finally, Citigroup lowered their target price on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a research note on Wednesday. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $204.63.

About Tesla

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.