FourThought Financial Partners LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

FourThought Financial Partners LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,390 shares of the electric vehicle producer’s stock after buying an additional 58 shares during the quarter. FourThought Financial Partners LLC’s holdings in Tesla were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Wyrmwood Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC lifted its stake 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 acquiring an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake 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 valued at $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Cordant Inc. bought a new position in Tesla in the third quarter worth approximately $53,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of NASDAQ:TSLA traded up $2.06 on Monday, hitting $183.25. The company had a trading volume of 48,274,360 shares, compared to its average volume of 104,001,602. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The business has a 50 day moving average of $173.85 and a 200 day moving average of $204.81. The company has a market cap of $584.42 billion, a PE ratio of 46.59, a PEG ratio of 4.74 and a beta of 2.41.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction 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 sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’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 sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSLA. Cantor Fitzgerald assumed coverage on shares of Tesla in a research report on Thursday. They issued an “overweight” rating and a $230.00 price objective on the stock. Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Wednesday, April 24th. Guggenheim reissued a “sell” rating and set a $122.00 price target on shares of Tesla in a report on Tuesday, April 23rd. Finally, Citigroup lifted their price target on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $185.90.

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.