Syntegra Private Wealth Group LLC Has $615,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Syntegra Private Wealth Group LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,523 shares of the electric vehicle producer’s stock after selling 110 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Tesla were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Matrix Asset Advisors Inc. NY acquired a new position in Tesla in the 3rd quarter worth $218,000. Westend Capital Management LLC lifted its holdings in shares of Tesla by 39,624.7% in the third quarter. Westend Capital Management LLC now owns 32,177 shares of the electric vehicle producer’s stock valued at $8,418,000 after purchasing an additional 32,096 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of Tesla by 16.1% during the third quarter. Retirement Planning Group LLC now owns 1,392 shares of the electric vehicle producer’s stock worth $364,000 after buying an additional 193 shares during the period. Carnegie Investment Counsel raised its position in Tesla by 29.6% in the 3rd quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock valued at $1,735,000 after buying an additional 1,515 shares during the last quarter. Finally, MorganRosel Wealth Management LLC lifted its stake in Tesla by 8.0% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 2,700 shares of the electric vehicle producer’s stock valued at $706,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent research reports. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a report on Friday, January 3rd. UBS Group boosted their price target on shares of Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $322.29.

Tesla Stock Down 3.4 %

Shares of TSLA opened at $361.62 on Monday. The firm has a 50 day simple moving average of $408.27 and a two-hundred day simple moving average of $303.93. The company has a market cap of $1.16 trillion, a P/E ratio of 177.27, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. 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 (NASDAQ:TSLA) last announced its quarterly earnings data 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%. Research analysts forecast that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,776 shares of company stock valued at $203,744,862. 20.70% of the stock is owned by insiders.

Tesla Company 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.