National Wealth Management Group LLC Purchases 1,268 Shares of Tesla, Inc. (NASDAQ:TSLA)

National Wealth Management Group LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,180 shares of the electric vehicle producer’s stock after acquiring an additional 1,268 shares during the period. Tesla makes up approximately 2.2% of National Wealth Management Group LLC’s investment portfolio, making the stock its 9th largest position. National Wealth Management Group LLC’s holdings in Tesla were worth $2,281,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wyrmwood Management LLC acquired a new stake in Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC raised 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 buying an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV raised its position in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. raised its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. KGI Securities reaffirmed a “neutral” rating and set a $213.00 price target (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. The Goldman Sachs Group reduced their price target on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. China Renaissance initiated coverage on shares of Tesla in a report on Monday, February 26th. They issued a “hold” rating for the company. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Finally, Redburn Atlantic initiated coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $194.70.

Tesla Stock Down 3.4 %

Shares of TSLA stock traded down $5.00 on Monday, reaching $142.05. 106,716,266 shares of the stock were exchanged, compared to its average volume of 101,720,281. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $177.59 and its 200 day moving average price is $210.05. The company has a market capitalization of $452.40 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 3.89 and a beta of 2.39. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 1.97 earnings per share 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.