Boyce & Associates Wealth Consulting Inc. Has $358,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Boyce & Associates Wealth Consulting Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,369 shares of the electric vehicle producer’s stock after selling 108 shares during the quarter. Boyce & Associates Wealth Consulting Inc.’s holdings in Tesla were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TSLA. Icon Wealth Advisors LLC acquired a new stake in Tesla in the 4th quarter valued at $976,000. Hancock Whitney Corp grew its holdings in shares of Tesla by 11.4% in the 4th quarter. Hancock Whitney Corp now owns 44,487 shares of the electric vehicle producer’s stock valued at $11,054,000 after acquiring an additional 4,548 shares in the last quarter. Northwest Wealth Management LLC increased its position in shares of Tesla by 1.4% in the fourth quarter. Northwest Wealth Management LLC now owns 10,007 shares of the electric vehicle producer’s stock valued at $2,487,000 after acquiring an additional 142 shares during the last quarter. BOKF NA raised its holdings in Tesla by 3.9% during the fourth quarter. BOKF NA now owns 72,089 shares of the electric vehicle producer’s stock worth $17,913,000 after acquiring an additional 2,724 shares in the last quarter. Finally, Ethic Inc. boosted its position in Tesla by 1.4% during the fourth quarter. Ethic Inc. now owns 104,240 shares of the electric vehicle producer’s stock valued at $25,902,000 after purchasing an additional 1,394 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. 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 stock in a transaction dated 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,661 shares of company stock worth $16,663,291. 25.10% of the stock is owned by corporate insiders.

Tesla Trading Up 1.5 %

Shares of Tesla stock opened at $244.50 on Wednesday. The stock has a market capitalization of $781.09 billion, a PE ratio of 62.37, a price-to-earnings-growth ratio of 6.80 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00. The stock has a 50 day moving average price of $224.18 and a two-hundred day moving average price of $202.26. 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 (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. Royal Bank of Canada boosted their price target on Tesla from $224.00 to $236.00 and gave the stock an “outperform” rating in a research report on Tuesday. HSBC upped their price target on shares of Tesla from $120.00 to $130.00 in a research report on Wednesday, July 10th. Argus reissued a “buy” rating and issued a $286.00 price objective on shares of Tesla in a research report on Friday, July 26th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Tesla in a report on Wednesday, July 24th. Finally, Glj Research reiterated a “sell” rating and set a $24.86 price target on shares of Tesla in a report on Thursday, September 26th. Nine research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.90.

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.