Intergy Private Wealth LLC Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Intergy Private Wealth LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 13.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,397 shares of the electric vehicle producer’s stock after buying an additional 168 shares during the period. Intergy Private Wealth LLC’s holdings in Tesla were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new position in Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC grew its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in Tesla in the fourth quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. increased its position in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSLA. Truist Financial dropped their target price on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird restated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research note on Wednesday, April 17th. Sanford C. Bernstein dropped 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. JPMorgan Chase & Co. lowered their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Finally, Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $185.90.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the company’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 completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred 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 sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred 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 transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. Insiders sold 209,097 shares of company stock valued at $37,877,471 over the last 90 days. Corporate insiders own 25.10% of the company’s stock.

Tesla Trading Down 3.5 %

Tesla stock traded down $6.37 during midday trading on Thursday, reaching $173.74. The stock had a trading volume of 71,774,822 shares, compared to its average volume of 100,884,477. The stock’s 50-day simple moving average is $171.38 and its 200 day simple moving average is $201.55. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market capitalization of $554.09 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 4.58 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Analysts expect that Tesla, Inc. will post 1.89 EPS for the current year.

About Tesla

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.