Signal Advisors Wealth LLC Sells 13,645 Shares of Tesla, Inc. (NASDAQ:TSLA)

Signal Advisors Wealth LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 52.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,310 shares of the electric vehicle producer's stock after selling 13,645 shares during the quarter. Signal Advisors Wealth LLC's holdings in Tesla were worth $4,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new position in Tesla in the third quarter valued at about $29,000. Clean Yield Group increased its holdings in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after buying an additional 48 shares during the period. Abich Financial Wealth Management LLC raised its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the 3rd quarter worth approximately $35,000. Finally, M&R Capital Management Inc. boosted its position in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,442,856.32. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Down 1.7 %

Shares of NASDAQ:TSLA opened at $396.36 on Wednesday. The business's 50-day moving average is $382.71 and its 200-day moving average is $284.69. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Equities research analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSLA. Royal Bank of Canada boosted their price objective on shares of Tesla from $249.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, November 15th. HSBC reissued a "reduce" rating and set a $124.00 price target on shares of Tesla in a report on Friday, October 11th. Barclays raised their price objective on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Jefferies Financial Group boosted their target price on Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price target on shares of Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $296.60.

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.