Retirement Solution Inc. Acquires 194 Shares of Tesla, Inc. (NASDAQ:TSLA)

Retirement Solution Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,789 shares of the electric vehicle producer’s stock after purchasing an additional 194 shares during the quarter. Tesla accounts for approximately 0.1% of Retirement Solution Inc.’s investment portfolio, making the stock its 27th largest holding. Retirement Solution Inc.’s holdings in Tesla were worth $445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Mendota Financial Group LLC raised its holdings in shares of 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 in the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Tesla stock traded up $17.45 during mid-day trading on Wednesday, hitting $162.13. The company had a trading volume of 180,807,331 shares, compared to its average volume of 103,011,320. 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 12-month low of $138.80 and a 12-month high of $299.29. The company’s fifty day moving average is $176.28 and its 200-day moving average is $208.91. The company has a market capitalization of $516.35 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 3.75 and a beta of 2.39.

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 the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a report on Wednesday. Sanford C. Bernstein reduced their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. KGI Securities reiterated a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Finally, Redburn Atlantic initiated coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.22.

Insiders Place Their Bets

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 stock was 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 in the company, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 20.90% of the company’s stock.

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.