Evermay Wealth Management LLC Buys 674 Shares of Tesla, Inc. (NASDAQ:TSLA)

Evermay Wealth Management LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,690 shares of the electric vehicle producer’s stock after purchasing an additional 674 shares during the period. Evermay Wealth Management LLC’s holdings in Tesla were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla during the fourth quarter valued at about $25,000. Lam Group Inc. bought a new position in Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew its stake in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Tesla during the third quarter worth $60,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,097 shares of company stock worth $37,877,471 over the last three months. Company insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research note on Monday, April 22nd. Guggenheim reissued a “sell” rating and issued a $122.00 price target on shares of Tesla in a report on Tuesday, April 23rd. Sanford C. Bernstein decreased their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research note on Wednesday, April 17th. Finally, UBS Group reduced their price target on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $185.90.

Tesla Trading Up 3.2 %

NASDAQ TSLA traded up $5.50 on Friday, hitting $179.24. The company’s stock had a trading volume of 65,584,478 shares, compared to its average volume of 91,189,992. The firm has a market cap of $571.63 billion, a P/E ratio of 45.72, a PEG ratio of 4.40 and a beta of 2.41. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company’s 50-day simple moving average is $171.69 and its 200 day simple moving average is $200.98. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Research analysts predict that Tesla, Inc. will post 1.89 EPS for the current fiscal year.

Tesla 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.