Northwest Capital Management Inc Sells 1,082 Shares of Tesla, Inc. (NASDAQ:TSLA)

Northwest Capital Management Inc reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 35.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,938 shares of the electric vehicle producer’s stock after selling 1,082 shares during the quarter. Northwest Capital Management Inc’s holdings in Tesla were worth $783,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TSLA. Crestwood Advisors Group LLC lifted its stake in Tesla by 2.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 9,953 shares of the electric vehicle producer’s stock worth $4,019,000 after purchasing an additional 253 shares during the last quarter. IFP Advisors Inc lifted its stake in Tesla by 25.9% during the fourth quarter. IFP Advisors Inc now owns 19,808 shares of the electric vehicle producer’s stock worth $8,000,000 after purchasing an additional 4,071 shares during the last quarter. Rowlandmiller & PARTNERS.ADV bought a new stake in Tesla during the fourth quarter worth $161,000. Shariaportfolio Inc. lifted its stake in Tesla by 12.2% during the fourth quarter. Shariaportfolio Inc. now owns 101,153 shares of the electric vehicle producer’s stock worth $40,850,000 after purchasing an additional 10,968 shares during the last quarter. Finally, Cannon Wealth Management Services LLC lifted its stake in Tesla by 3.5% during the fourth quarter. Cannon Wealth Management Services LLC now owns 4,116 shares of the electric vehicle producer’s stock worth $1,579,000 after purchasing an additional 139 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $290.80 on Thursday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock has a market cap of $935.36 billion, a price-to-earnings ratio of 142.55, a PEG ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm’s 50-day simple moving average is $390.99 and its 200 day simple moving average is $315.51.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TSLA shares. Guggenheim restated a “sell” rating on shares of Tesla in a research note on Tuesday. Royal Bank of Canada reiterated a “mixed” rating on shares of Tesla in a report on Saturday, February 8th. Glj Research reiterated a “sell” rating and set a $24.86 price target on shares of Tesla in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Piper Sandler upped their price target on shares of Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $319.57.

Tesla 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.