Atlantic Union Bankshares Corp Sells 127 Shares of Tesla, Inc. (NASDAQ:TSLA)

Atlantic Union Bankshares Corp decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,556 shares of the electric vehicle producer’s stock after selling 127 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Tesla were worth $3,368,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Contravisory Investment Management Inc. bought a new stake in Tesla during the third quarter worth approximately $25,000. Wyrmwood Management LLC bought a new stake in Tesla during the fourth quarter worth approximately $25,000. Halpern Financial Inc. boosted its position in Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 100 shares during the period. Alpha Paradigm Partners LLC bought a new stake in Tesla during the third quarter worth approximately $27,000. Finally, MayTech Global Investments LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s 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 sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s 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 sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,598 shares of company stock valued at $36,952,434. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Performance

Tesla stock traded down $4.04 during trading hours on Friday, hitting $175.79. The company had a trading volume of 77,654,838 shares, compared to its average volume of 95,391,528. The firm has a market cap of $559.85 billion, a PE ratio of 40.79, a PEG ratio of 4.06 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The firm has a 50-day moving average of $187.05 and a 200 day moving average of $221.74.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wedbush decreased their price target on shares of Tesla from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday. Canaccord Genuity Group decreased their price target on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Citigroup reduced their target price on Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a report on Wednesday. Mizuho restated a “neutral” rating and issued a $195.00 price objective (down previously from $270.00) on shares of Tesla in a research report on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $298.00 target price on shares of Tesla in a research report on Wednesday. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $204.63.

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.