Oxford Wealth Group LLC Purchases New Position in Tesla, Inc. (NASDAQ:TSLA)

Oxford Wealth Group LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,571 shares of the electric vehicle producer’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Mendota Financial Group LLC boosted its stake in Tesla by 202.2% during 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. Woodmont Investment Counsel LLC boosted its stake in Tesla by 35.4% during the fourth quarter. Woodmont Investment Counsel LLC now owns 3,812 shares of the electric vehicle producer’s stock worth $947,000 after acquiring an additional 996 shares in the last quarter. CMH Wealth Management LLC boosted its stake in Tesla by 5.8% during the fourth quarter. CMH Wealth Management LLC now owns 41,218 shares of the electric vehicle producer’s stock worth $10,242,000 after acquiring an additional 2,258 shares in the last quarter. WT Asset Management Ltd bought a new position in shares of Tesla in the fourth quarter worth approximately $28,327,000. Finally, ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Tesla by 37.3% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 18,081 shares of the electric vehicle producer’s stock worth $4,493,000 after buying an additional 4,912 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. HSBC upped their target price on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group upped their target price on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. KGI Securities reiterated a “neutral” rating and issued a $236.00 target price on shares of Tesla in a research note on Thursday, July 25th. Finally, UBS Group cut shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $147.00 to $197.00 in a report on Friday, July 12th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $204.30.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,719 shares of company stock worth $32,032,968. 25.10% of the stock is currently owned by insiders.

Tesla Price Performance

TSLA stock traded down $9.48 during trading on Tuesday, hitting $222.62. 100,282,504 shares of the company’s stock traded hands, compared to its average volume of 101,376,781. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The business has a fifty day simple moving average of $207.54 and a 200 day simple moving average of $190.69. The stock has a market capitalization of $711.19 billion, a price-to-earnings ratio of 56.79, a P/E/G ratio of 5.69 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. Tesla’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

Tesla 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.