Northwest Wealth Management LLC Has $2.70 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Northwest Wealth Management LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,417 shares of the electric vehicle producer’s stock after acquiring an additional 510 shares during the period. Northwest Wealth Management LLC’s holdings in Tesla were worth $2,700,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rinkey Investments raised its stake in Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer’s stock valued at $347,000 after buying an additional 29 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Tesla by 1.3% during the fourth quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer’s stock valued at $945,000 after acquiring an additional 30 shares in the last quarter. Pitti Group Wealth Management LLC raised its position in shares of Tesla by 2.2% in the 4th quarter. Pitti Group Wealth Management LLC now owns 1,470 shares of the electric vehicle producer’s stock worth $594,000 after purchasing an additional 31 shares during the last quarter. True Wealth Design LLC boosted its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC grew its position in Tesla by 2.4% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 1,401 shares of the electric vehicle producer’s stock valued at $566,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the transaction, the director directly owned 1,463,220 shares in the company, valued at $522,940,195.80. This represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the sale, the director owned 85,000 shares in the company, valued at approximately $23,300,200. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock worth $278,648,925 in the last three months. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TSLA shares. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Tesla in a research report on Friday, June 20th. Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Glj Research restated a “sell” rating and issued a $19.05 price target (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, Raymond James Financial cut Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $298.37.

Tesla Stock Down 1.8%

Shares of TSLA stock opened at $317.66 on Tuesday. The company has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 174.54, a PEG ratio of 12.20 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The company’s fifty day moving average price is $316.73 and its 200-day moving average price is $328.38. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.