Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,947 shares of the electric vehicle producer’s stock after purchasing an additional 316 shares during the quarter. DecisionMap Wealth Management LLC’s holdings in Tesla were worth $764,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vista Finance LLC increased its holdings in shares of Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock valued at $1,417,000 after acquiring an additional 25 shares in the last quarter. Vista Capital Partners Inc. raised its position in Tesla by 1.4% during the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock worth $795,000 after buying an additional 27 shares during the last quarter. Blackston Financial Advisory Group LLC raised its position in Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock worth $875,000 after buying an additional 27 shares during the last quarter. Kooman & Associates raised its position in Tesla by 2.4% during the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer’s stock worth $480,000 after buying an additional 28 shares during the last quarter. Finally, Rinkey Investments raised its position in Tesla by 3.5% during the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer’s stock worth $347,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $322.05 on Friday. Tesla, Inc. has a fifty-two week low of $179.66 and a fifty-two week high of $488.54. The stock has a market capitalization of $1.04 trillion, a PE ratio of 176.95, a P/E/G ratio of 12.04 and a beta of 2.47. The company has a fifty day moving average of $304.81 and a two-hundred day moving average of $332.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the company earned $0.45 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president now directly owns 67,600 shares of the company’s stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock valued at $278,648,925 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSLA shares. HSBC reduced their price target on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a research report on Thursday, March 27th. Oppenheimer reissued a “mixed” rating on shares of Tesla in a research report on Tuesday, March 18th. Morgan Stanley reissued an “overweight” rating and set a $410.00 price target on shares of Tesla in a research report on Friday, June 6th. Wedbush set a $500.00 price target on shares of Tesla in a research report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a report on Friday, March 28th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $293.67.

About Tesla

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.