Mogy Joel R Investment Counsel Inc. Lowers Position in Tesla, Inc. (NASDAQ:TSLA)

Mogy Joel R Investment Counsel Inc. lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,202 shares of the electric vehicle producer’s stock after selling 350 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Tesla were worth $2,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in Tesla during the fourth quarter valued at $25,000. Lam Group Inc. purchased a new position in Tesla during the fourth quarter valued at $25,000. Mendota Financial Group LLC raised its stake in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its stake in Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. raised its stake in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TSLA shares. Morgan Stanley decreased their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. UBS Group decreased their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Wednesday. Citigroup boosted their price target on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of Tesla in a report on Monday, April 22nd. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $186.70.

Insider Activity

In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last ninety days. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $1.89 during mid-day trading on Friday, reaching $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a market cap of $536.71 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The business’s 50 day moving average price is $175.04 and its 200 day moving average price is $208.00.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) 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 14.37% and a return on equity of 13.18%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. Research analysts expect that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

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.