Kestra Private Wealth Services LLC Has $21.31 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Kestra Private Wealth Services LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,769 shares of the electric vehicle producer’s stock after acquiring an additional 9,152 shares during the period. Tesla makes up about 0.5% of Kestra Private Wealth Services LLC’s portfolio, making the stock its 29th largest position. Kestra Private Wealth Services LLC’s holdings in Tesla were worth $21,312,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Holderness Investments Co. increased its stake in Tesla by 1.6% during the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after acquiring an additional 42 shares during the period. SCS Capital Management LLC raised its stake in Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after purchasing an additional 45 shares during the period. ML & R Wealth Management LLC increased its holdings in Tesla by 2.6% in the 3rd quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after buying an additional 46 shares during the period. Finally, LCM Capital Management Inc raised its position in shares of Tesla by 3.5% in the 3rd quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock valued at $344,000 after buying an additional 46 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of 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 Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction 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 $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last quarter. Insiders own 20.90% of the company’s stock.

Tesla Trading Up 15.3 %

Shares of NASDAQ TSLA traded up $25.76 during midday trading on Monday, reaching $194.05. The stock had a trading volume of 243,386,278 shares, compared to its average volume of 105,090,164. The company’s 50 day moving average price is $174.92 and its 200 day moving average price is $206.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market cap of $618.86 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Jefferies Financial Group dropped their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. The Goldman Sachs Group decreased their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, HSBC dropped their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $184.32.

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.