4,160 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,160 shares of the electric vehicle producer’s stock, valued at approximately $1,034,000. Tesla comprises approximately 0.9% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 17th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new stake in Tesla in the fourth quarter valued at $25,000. Lam Group Inc. acquired a new stake in Tesla in the fourth quarter valued at $25,000. Alpha Paradigm Partners LLC acquired a new stake in Tesla in the third quarter valued at $27,000. MayTech Global Investments LLC acquired a new stake in Tesla in the fourth quarter valued at $30,000. Finally, Mendota Financial Group LLC lifted its stake in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock traded down $1.54 during trading on Friday, reaching $148.39. 50,803,977 shares of the company were exchanged, compared to its average volume of 101,114,891. The company has a 50-day moving average of $179.45 and a two-hundred day moving average of $212.21. The company has a market capitalization of $472.59 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 4.11 and a beta of 2.39. Tesla, Inc. has a twelve month low of $148.01 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last announced 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). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. UBS Group cut their target price on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and set a $298.00 target price on shares of Tesla in a research note on Wednesday, March 27th. JPMorgan Chase & Co. cut their target price 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. HSBC cut their target price on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a research note on Wednesday, April 3rd. Finally, The Goldman Sachs Group cut their target price 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. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $194.70.

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.