Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,953 shares of the electric vehicle producer’s stock after purchasing an additional 66 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Tesla were worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in Tesla during the 4th quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in Tesla during the 4th quarter worth $25,000. Mendota Financial Group LLC boosted its position in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. Kathleen S. Wright Associates Inc. boosted its position in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, Cordant Inc. acquired a new position in Tesla during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Canaccord Genuity Group dropped their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. KGI Securities reissued a “neutral” rating and issued a $213.00 price objective (down previously from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Canaccord Genuity Group dropped their price objective on Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $186.70.

Tesla Stock Down 1.1 %

Shares of TSLA traded down $1.89 during trading hours on Friday, hitting $168.29. 109,309,500 shares of the company were exchanged, compared to its average volume of 100,050,800. The company has a market cap of $536.71 billion, a PE ratio of 42.93, a PEG ratio of 4.45 and a beta of 2.39. The firm’s 50 day moving average is $175.04 and its 200-day moving average is $207.61. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by corporate insiders.

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.