Wynn Capital LLC Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

Wynn Capital LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,624 shares of the electric vehicle producer’s stock, valued at approximately $5,622,000. Tesla comprises about 4.6% of Wynn Capital LLC’s holdings, making the stock its 3rd biggest holding.

Other large investors have also recently made changes to their positions in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew 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 worth $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV boosted its position 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 valued at $35,000 after purchasing an additional 69 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. boosted its position in shares of Tesla by 111.1% during the fourth 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 in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 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 approximately $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 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 approximately $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last quarter. Insiders own 20.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA traded up $17.45 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 business has a 50 day moving average of $176.81 and a 200 day moving average of $209.24. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a market cap of $516.35 billion, a PE ratio of 37.41, a PEG ratio of 3.75 and a beta of 2.39. 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 (NASDAQ:TSLA) last issued its quarterly earnings results 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). 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 analysts’ expectations of $25.64 billion. During the same period 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. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of a number of analyst reports. TD Cowen reduced their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research note on Wednesday. Daiwa Capital Markets downgraded Tesla from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $245.00 to $195.00 in a report on Tuesday, February 6th. Wells Fargo & Company reduced their price target on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $186.22.

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.