Kiley Juergens Wealth Management LLC Sells 71 Shares of Tesla, Inc. (NASDAQ:TSLA)

Kiley Juergens Wealth Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,200 shares of the electric vehicle producer’s stock after selling 71 shares during the quarter. Tesla comprises about 1.4% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Tesla were worth $4,274,000 at the end of the most recent reporting period.

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

Tesla Stock Performance

TSLA traded down $4.37 during midday trading on Tuesday, hitting $157.11. 96,854,894 shares of the company were exchanged, compared to its average volume of 102,190,344. The company’s 50 day simple moving average is $181.44 and its 200 day simple moving average is $213.70. The firm has a market capitalization of $500.36 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. 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, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 1.98 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last ninety days. 20.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TSLA shares. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. The Goldman Sachs Group lowered their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Piper Sandler lowered their target price on Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Truist Financial lowered their target price on Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $298.00 target price on shares of Tesla in a report on Wednesday, March 27th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $198.81.

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.