John W. Brooker & Co. CPAs Sells 94 Shares of Tesla, Inc. (NASDAQ:TSLA)

John W. Brooker & Co. CPAs reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,882 shares of the electric vehicle producer’s stock after selling 94 shares during the period. John W. Brooker & Co. CPAs’ holdings in Tesla were worth $1,164,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new position in shares of Tesla during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the period. Finley Financial LLC bought a new position in Tesla during the fourth quarter worth about $64,000. Finally, Abich Financial Wealth Management LLC increased its position in Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after buying an additional 176 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSLA has been the subject of several research analyst reports. Evercore ISI lifted their target price on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, January 30th. UBS Group increased their price objective on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday, January 30th. Canaccord Genuity Group upped their price target on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Guggenheim restated a “sell” rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $322.29.

Tesla Trading Down 3.4 %

TSLA opened at $361.62 on Monday. The company’s 50 day moving average price is $408.27 and its two-hundred day moving average price is $303.93. The firm has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts predict that Tesla, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,776 shares of company stock valued at $203,744,862 over the last ninety days. 20.70% of the stock is owned by company insiders.

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.