1,055 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Mosley Wealth Management

Mosley Wealth Management acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,055 shares of the electric vehicle producer’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Evercore Wealth Management LLC increased its stake in shares of Tesla by 7.8% in the fourth quarter. Evercore Wealth Management LLC now owns 39,989 shares of the electric vehicle producer’s stock worth $9,936,000 after purchasing an additional 2,909 shares in the last quarter. Connectus Wealth LLC increased its stake in shares of Tesla by 18.6% in the fourth quarter. Connectus Wealth LLC now owns 111,562 shares of the electric vehicle producer’s stock worth $27,722,000 after purchasing an additional 17,487 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla in the fourth quarter worth about $37,000. Personal CFO Solutions LLC increased its stake in shares of Tesla by 72.6% in the fourth quarter. Personal CFO Solutions LLC now owns 17,117 shares of the electric vehicle producer’s stock worth $4,253,000 after purchasing an additional 7,201 shares in the last quarter. Finally, Security National Bank purchased a new position in shares of Tesla in the fourth quarter worth about $136,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Insiders have sold 198,560 shares of company stock worth $35,725,248 in the last quarter. Company insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. The Goldman Sachs Group cut their price target on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Mizuho cut their price target on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a report on Monday. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Eight 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, Tesla has an average rating of “Hold” and a consensus target price of $185.90.

Check Out Our Latest Research Report on Tesla

Tesla Price Performance

TSLA opened at $177.48 on Monday. The company’s 50-day simple moving average is $172.18 and its two-hundred day simple moving average is $197.20. 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 1.17 and a current ratio of 1.72. The stock has a market capitalization of $566.02 billion, a P/E ratio of 45.28, a P/E/G ratio of 4.40 and a beta of 2.32.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share 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 firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. As a group, analysts predict that Tesla, Inc. will post 1.87 EPS for the current year.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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