Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Zhang Financial LLC

Zhang Financial LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,713 shares of the electric vehicle producer’s stock after acquiring an additional 147 shares during the quarter. Zhang Financial LLC’s holdings in Tesla were worth $1,668,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla in the third quarter valued at about $27,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% during the fourth 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. Finally, Ogorek Anthony Joseph NY ADV increased its stake in shares of Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 69 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSLA. Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. UBS Group dropped their price target on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Wells Fargo & Company dropped their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Tesla in a research report on Friday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $298.00 target price on shares of Tesla in a research report on Wednesday, March 27th. Ten analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $194.70.

Tesla Stock Down 1.3 %

TSLA stock traded down $1.94 during mid-day trading on Friday, hitting $147.99. 64,912,134 shares of the company were exchanged, compared to its average volume of 101,324,742. The firm has a fifty day simple moving average of $179.45 and a 200 day simple moving average of $212.21. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a twelve month low of $147.81 and a twelve month high of $299.29. The company has a market capitalization of $471.32 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 4.11 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. On average, research analysts forecast that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Xiaotong Zhu sold 687 shares of the business’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 sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by company 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.