Vest Financial LLC Sells 204 Shares of Tesla, Inc. (NASDAQ:TSLA)

Vest Financial LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,405 shares of the electric vehicle producer’s stock after selling 204 shares during the quarter. Vest Financial LLC’s holdings in Tesla were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank & Trust Co bought a new stake in Tesla during the second quarter worth about $25,000. OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter worth about $37,000. Guardian Wealth Management Inc. bought a new stake in Tesla during the fourth quarter worth about $47,000. Kessler Investment Group LLC grew its stake in Tesla by 35.9% during the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after buying an additional 51 shares during the last quarter. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Tesla during the fourth quarter worth about $50,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Canaccord Genuity Group upped their target price on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $245.00 target price on shares of Tesla in a research report on Monday. Truist Financial reiterated a “hold” rating and set a $215.00 target price on shares of Tesla in a research report on Wednesday, August 14th. Finally, Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, July 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $209.03.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction 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 sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by insiders.

Tesla Stock Up 0.7 %

Shares of NASDAQ:TSLA opened at $229.81 on Friday. The company has a 50 day moving average price of $223.80 and a two-hundred day moving average price of $194.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98. The company has a market capitalization of $734.16 billion, a PE ratio of 58.63, a PEG ratio of 6.03 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

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.