Tesla, Inc. (NASDAQ:TSLA) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,055 shares of the electric vehicle producer’s stock after selling 136 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Tesla were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Fisher Asset Management LLC grew its position in shares of Tesla by 38.5% in the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after purchasing an additional 5,874 shares during the period. Signal Advisors Wealth LLC grew its position in shares of Tesla by 7.1% in the first quarter. Signal Advisors Wealth LLC now owns 22,106 shares of the electric vehicle producer’s stock valued at $3,886,000 after purchasing an additional 1,471 shares during the period. Thomasville National Bank grew its position in shares of Tesla by 14.2% in the first quarter. Thomasville National Bank now owns 1,548 shares of the electric vehicle producer’s stock valued at $272,000 after purchasing an additional 193 shares during the period. Czech National Bank grew its position in shares of Tesla by 0.7% in the first quarter. Czech National Bank now owns 487,634 shares of the electric vehicle producer’s stock valued at $85,721,000 after purchasing an additional 3,155 shares during the period. Finally, Abacus Wealth Partners LLC grew its position in shares of Tesla by 25.7% in the first quarter. Abacus Wealth Partners LLC now owns 3,053 shares of the electric vehicle producer’s stock valued at $537,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $221.33 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a market capitalization of $707.07 billion, a price-to-earnings ratio of 62.17, a price-to-earnings-growth ratio of 5.94 and a beta of 2.29. The company’s 50 day simple moving average is $226.81 and its 200-day simple moving average is $204.69. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,661 shares of company stock worth $16,663,291. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSLA. Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research report on Friday, October 11th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a research note on Wednesday, July 24th. Guggenheim raised their price target on shares of Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a research note on Friday, September 13th. Robert W. Baird reissued an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research note on Tuesday, August 20th. Finally, Wolfe Research started coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $210.72.

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.