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

Slagle Financial LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 83.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,678 shares of the electric vehicle producer’s stock after buying an additional 1,678 shares during the quarter. Slagle Financial LLC’s holdings in Tesla were worth $914,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new stake in Tesla in the fourth quarter worth about $25,000. Mendota Financial Group LLC boosted its position in shares of Tesla by 202.2% during 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 in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Tesla during the fourth quarter valued at approximately $37,000. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,855 shares of company stock worth $19,285,643. 25.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on TSLA shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research note on Wednesday. Canaccord Genuity Group lowered their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada cut their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $185.90.

Tesla Stock Down 2.4 %

Shares of NASDAQ TSLA traded down $4.46 during trading on Friday, hitting $178.01. The stock had a trading volume of 82,038,194 shares, compared to its average volume of 68,882,416. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a market capitalization of $567.71 billion, a PE ratio of 45.41, a PEG ratio of 4.41 and a beta of 2.32. The firm has a fifty day moving average of $172.90 and a two-hundred day moving average of $194.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, equities research analysts forecast that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

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.