Kiley Juergens Wealth Management LLC Has $4.27 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Kiley Juergens Wealth Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,200 shares of the electric vehicle producer’s stock after selling 71 shares during the quarter. Tesla makes up 1.4% of Kiley Juergens Wealth Management LLC’s 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. MidWestOne Financial Group Inc. grew its stake in Tesla by 3.3% in the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after acquiring an additional 15 shares during the period. City State Bank grew its stake in Tesla by 3.3% in the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock valued at $315,000 after acquiring an additional 40 shares during the period. Marcum Wealth LLC grew its stake in Tesla by 0.6% in the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock valued at $1,850,000 after acquiring an additional 41 shares during the period. Linscomb & Williams Inc. grew its stake in Tesla by 3.5% in the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock valued at $1,329,000 after acquiring an additional 42 shares during the period. Finally, Opal Wealth Advisors LLC grew its stake in Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after acquiring an additional 42 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of TSLA traded down $4.37 during midday trading on Tuesday, reaching $157.11. The stock had a trading volume of 96,854,894 shares, compared to its average volume of 102,190,344. The company’s 50-day moving average is $181.44 and its 200 day moving average is $213.70. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company 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.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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 firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. Tesla’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Sanford C. Bernstein cut their target price on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 26th. Robert W. Baird dropped their price target on Tesla from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Tuesday, April 2nd. Jefferies Financial Group lowered their target price on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. HSBC lowered their target price on Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a research note on Wednesday, April 3rd. Finally, TD Cowen lowered their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.