Kellett Wealth Advisors LLC Has $489,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Kellett Wealth Advisors LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 17.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,969 shares of the electric vehicle producer’s stock after selling 418 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in Tesla were worth $489,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Wyrmwood Management LLC acquired a new stake in Tesla during the fourth quarter worth about $25,000. Lam Group Inc. acquired a new stake in Tesla during the fourth quarter worth about $25,000. Alpha Paradigm Partners LLC acquired a new stake in Tesla during the third quarter worth about $27,000. MayTech Global Investments LLC acquired a new stake in Tesla during the fourth quarter worth about $30,000. Finally, Perkins Coie Trust Co grew its position in Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 54 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $5.52 on Thursday, reaching $149.93. 95,522,509 shares of the company’s stock were exchanged, compared to its average volume of 101,837,430. The company has a fifty day moving average of $180.24 and a 200-day moving average of $212.64. Tesla, Inc. has a twelve month low of $148.70 and a twelve month high of $299.29. The company has a market capitalization of $477.50 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 4.15 and a beta of 2.39. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TSLA shares. KGI Securities reissued a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Wells Fargo & Company decreased their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Canaccord Genuity Group decreased their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Jefferies Financial Group decreased their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Finally, Citigroup cut their price target on shares of Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Ten analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $194.70.

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.