RKL Wealth Management LLC Buys 180 Shares of Tesla, Inc. (NASDAQ:TSLA)

RKL Wealth Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,943 shares of the electric vehicle producer’s stock after acquiring an additional 180 shares during the period. RKL Wealth Management LLC’s holdings in Tesla were worth $4,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Tesla during the third quarter worth about $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Tesla during the fourth quarter worth about $46,000. PayPay Securities Corp raised its holdings in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after acquiring an additional 69 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in Tesla during the third quarter worth about $35,000. Finally, Finley Financial LLC bought a new stake in Tesla during the fourth quarter worth about $64,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. This represents a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,452 shares of company stock worth $153,659,530. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TSLA shares. Piper Sandler upped their price objective on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird dropped their price objective on Tesla from $440.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company upped their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. UBS Group restated a “neutral” rating on shares of Tesla in a research note on Tuesday. Finally, Royal Bank of Canada restated a “mixed” rating on shares of Tesla in a research note on Saturday, February 8th. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $327.37.

Tesla Stock Down 0.3 %

NASDAQ TSLA opened at $262.67 on Friday. The business has a fifty day moving average price of $367.78 and a two-hundred day moving average price of $318.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. 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 capitalization of $844.88 billion, a PE ratio of 128.76, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its 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 return on equity of 10.31% and a net margin of 7.26%. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.