Arkfeld Wealth Strategies L.L.C. Acquires 353 Shares of Tesla, Inc. (NASDAQ:TSLA)

Arkfeld Wealth Strategies L.L.C. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 17.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,404 shares of the electric vehicle producer’s stock after acquiring an additional 353 shares during the period. Arkfeld Wealth Strategies L.L.C.’s holdings in Tesla were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TSLA. Apexium Financial LP grew its holdings in Tesla by 736.8% in the 4th quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock valued at $6,201,000 after buying an additional 21,972 shares in the last quarter. Mount Vernon Associates Inc. MD increased its position in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after acquiring an additional 350 shares during the period. Forum Financial Management LP raised its stake in Tesla by 19.7% in the 4th quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after purchasing an additional 3,582 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Tesla by 16.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after purchasing an additional 6,615 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in shares of Tesla by 9.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 4.8 %

Shares of TSLA traded up $9.02 during mid-day trading on Wednesday, reaching $196.37. 95,190,177 shares of the company were exchanged, compared to its average volume of 95,507,273. The business has a 50 day simple moving average of $175.02 and a two-hundred day simple moving average of $192.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market capitalization of $626.26 billion, a PE ratio of 50.38, a PEG ratio of 4.65 and a beta of 2.32. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. On average, analysts predict that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

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 Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,855 shares of company stock worth $19,285,643. Company insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group reduced their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Stifel Nicolaus started coverage on Tesla in a report on Tuesday. They set a “buy” rating and a $265.00 target price on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Guggenheim reiterated a “sell” rating and set a $126.00 price objective on shares of Tesla in a research note on Tuesday. Finally, New Street Research restated a “buy” rating and issued a $235.00 target price on shares of Tesla in a research report on Tuesday. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $187.30.

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.