EWG Elevate Inc. Purchases 218 Shares of Tesla, Inc. (NASDAQ:TSLA)

EWG Elevate Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 5.9% in the 1st quarter, HoldingsChannel reports. The firm owned 3,897 shares of the electric vehicle producer’s stock after buying an additional 218 shares during the quarter. EWG Elevate Inc.’s holdings in Tesla were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC bought a new stake in Tesla during the 4th quarter valued at $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC raised its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the 4th quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings 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 purchasing an additional 100 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 1.8 %

TSLA traded down $3.29 during trading on Thursday, hitting $181.57. 55,799,039 shares of the company’s stock traded hands, compared to its average volume of 96,340,117. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $579.06 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 4.58 and a beta of 2.32. The company’s 50 day simple moving average is $173.75 and its two-hundred day simple moving average is $194.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Analysts predict that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock worth $19,285,643 in the last three months. 25.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TSLA shares. UBS Group reduced their price objective on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a research report on Monday, June 10th. Canaccord Genuity Group decreased their target price on Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Jefferies Financial Group cut their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Finally, Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $183.62.

Read Our Latest Stock Report on Tesla

About Tesla

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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