LifeSteps Financial Inc. lowered its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 10.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 819 shares of the electric vehicle producer’s stock after selling 99 shares during the period. LifeSteps Financial Inc.’s holdings in Tesla were worth $883,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of TSLA. Paragon Capital Management Ltd purchased a new stake in Tesla in the 4th quarter worth $25,000. AllSquare Wealth Management LLC raised its position in shares of Tesla by 766.7% during the 4th quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Tesla during the 4th quarter valued at about $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at about $32,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at about $32,000. 40.64% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. Daiwa Capital Markets decreased their target price on shares of Tesla from $1,150.00 to $800.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. Cowen upped their target price on shares of Tesla from $660.00 to $790.00 and gave the company a “market perform” rating in a research report on Monday, April 4th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $335.00 to $395.00 and gave the stock an “underweight” rating in a research report on Thursday, April 21st. Piper Sandler reduced their price objective on shares of Tesla from $1,260.00 to $1,035.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 18th. Finally, Exane BNP Paribas reduced their price objective on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 18th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $897.43.
Shares of TSLA opened at $712.65 on Wednesday. The company has a market cap of $738.58 billion, a price-to-earnings ratio of 96.49, a price-to-earnings-growth ratio of 2.11 and a beta of 2.13. Tesla, Inc. has a twelve month low of $615.50 and a twelve month high of $1,243.49. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $796.21 and a two-hundred day moving average of $903.89.
Tesla (NASDAQ:TSLA – Get Rating) last announced its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $1.22. The company had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. Tesla’s revenue was up 80.5% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 10.25 EPS for the current year.
Tesla Profile (Get Rating)
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.
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