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

ERn Financial LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,415 shares of the electric vehicle producer’s stock after purchasing an additional 1,764 shares during the period. ERn Financial LLC’s holdings in Tesla were worth $2,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Wyrmwood Management LLC acquired a new stake in Tesla during the fourth quarter worth about $25,000. Lam Group Inc. bought a new stake in Tesla during the fourth quarter worth approximately $25,000. Mendota Financial Group LLC raised its position in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring 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, Guardian Wealth Management Inc. bought a new stake in shares of Tesla during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was 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 owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock valued at $19,285,643 in the last quarter. 25.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSLA shares. UBS Group decreased their price target on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Stifel Nicolaus initiated coverage on shares of Tesla in a research note on Tuesday. They set a “buy” rating and a $265.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Monday, June 10th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Tesla Trading Up 0.5 %

Shares of NASDAQ TSLA traded up $1.05 during trading hours on Thursday, hitting $197.42. The company’s stock had a trading volume of 72,012,084 shares, compared to its average volume of 95,323,648. The business has a 50-day simple moving average of $175.83 and a 200-day simple moving average of $192.28. The stock has a market cap of $629.61 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 4.65 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

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