Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Monument Capital Management

Monument Capital Management boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,057 shares of the electric vehicle producer’s stock after buying an additional 112 shares during the period. Monument Capital Management’s holdings in Tesla were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% in 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 last quarter. Ogorek Anthony Joseph NY ADV increased its position in shares of Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. increased its position in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s 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 sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. HSBC dropped their target price on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 3rd. Barclays dropped their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. China Renaissance began coverage on shares of Tesla in a research report on Monday, February 26th. They issued a “hold” rating on the stock. KGI Securities reaffirmed a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, Wells Fargo & Company dropped their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $194.70.

Tesla Stock Down 3.4 %

TSLA stock opened at $142.05 on Tuesday. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The stock has a market capitalization of $452.40 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 3.89 and a beta of 2.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a fifty day moving average of $177.59 and a 200-day moving average of $210.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. As a group, analysts expect that Tesla, Inc. will post 1.97 EPS for the current year.

About Tesla

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.