Johnson Financial Group LLC Invests $1.20 Million in Tesla, Inc. $TSLA

by · The Markets Daily

Johnson Financial Group LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,668 shares of the electric vehicle producer’s stock, valued at approximately $1,200,000.

A number of other institutional investors have also added to or reduced their stakes in TSLA. PFS Partners LLC increased its position in shares of Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares during the last quarter. Presidio Capital Management LLC lifted its position in Tesla by 0.6% in the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after buying an additional 25 shares during the last quarter. Journey Advisory Group LLC boosted its stake in Tesla by 0.7% in the third quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock worth $1,518,000 after buying an additional 25 shares in the last quarter. Boltwood Capital Management grew its position in Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after acquiring an additional 25 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its stake in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 57,482 shares of company stock valued at $21,508,331. Corporate insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSLA shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Tesla in a research note on Monday. Wedbush restated an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Tesla in a report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $395.20.

View Our Latest Report on Tesla

Tesla Trading Down 0.0%

NASDAQ TSLA opened at $423.70 on Thursday. The stock has a market cap of $1.59 trillion, a P/E ratio of 388.72, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The stock has a 50 day simple moving average of $394.52 and a two-hundred day simple moving average of $416.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Stories

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