Yarger Wealth Strategies LLC Invests $200,000 in Tesla, Inc. (NASDAQ:TSLA)

Yarger Wealth Strategies LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel reports. The fund bought 805 shares of the electric vehicle producer’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in Tesla by 9.4% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,581 shares of the electric vehicle producer’s stock valued at $393,000 after buying an additional 136 shares in the last quarter. Transform Wealth LLC lifted its stake in Tesla by 16.3% during the fourth 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 lifted its stake in Tesla by 9.3% during the fourth quarter. Johnson Bixby & Associates LLC now owns 2,925 shares of the electric vehicle producer’s stock valued at $727,000 after buying an additional 250 shares in the last quarter. Successful Portfolios LLC purchased a new stake in shares of Tesla in the fourth quarter worth approximately $289,000. Finally, MJP Associates Inc. ADV lifted its position in shares of Tesla by 19.6% in the fourth 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. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 2.2 %

Shares of Tesla stock opened at $175.79 on Friday. The company 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, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The company’s fifty day simple moving average is $187.78 and its 200-day simple moving average is $222.06. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $1.07 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction 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 of the company’s stock, 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 93,706 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 completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were 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 directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 198,598 shares of company stock valued at $36,952,434. 25.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $320.00 price target on shares of Tesla in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 price objective (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, Piper Sandler cut their price objective on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, February 5th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.