Willis Johnson & Associates Inc. Has $3.41 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Willis Johnson & Associates Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 26.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,445 shares of the electric vehicle producer’s stock after purchasing an additional 1,764 shares during the period. Willis Johnson & Associates Inc.’s holdings in Tesla were worth $3,410,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealth Group Ltd. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA purchased a new position in Tesla during the 4th quarter worth $1,361,000. Tallon Kerry Patrick bought a new stake in shares of Tesla in the 4th quarter worth $374,000. Wedge Capital Management L L P NC raised its holdings in shares of Tesla by 27.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,164 shares of the electric vehicle producer’s stock valued at $1,278,000 after purchasing an additional 675 shares during the last quarter. Finally, Whitener Capital Management Inc. purchased a new position in Tesla during the fourth quarter worth about $230,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now owns 23,084 shares of the company’s stock, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 412,623 shares of company stock worth $115,600,501 over the last three months. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday, April 22nd. Raymond James downgraded Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Piper Sandler set a $400.00 price objective on Tesla in a research note on Tuesday, May 6th. Finally, Truist Financial set a $280.00 target price on Tesla in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $289.43.

Tesla Stock Performance

NASDAQ:TSLA opened at $342.09 on Tuesday. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 167.69, a PEG ratio of 5.86 and a beta of 2.43. The business has a 50 day moving average of $269.23 and a 200 day moving average of $331.30. 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 1-year low of $167.41 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts predict 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.