Benjamin Edwards Inc. Purchases 2,683 Shares of Tesla, Inc. (NASDAQ:TSLA)

Benjamin Edwards Inc. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.6% during the 4th quarter, Holdings Channel reports. The fund owned 16,402 shares of the electric vehicle producer’s stock after buying an additional 2,683 shares during the quarter. Tesla accounts for about 0.9% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 18th biggest holding. Benjamin Edwards Inc.’s holdings in Tesla were worth $4,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC bought a new position in Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC lifted its position in shares of 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 purchasing an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Cordant Inc. bought a new stake in shares of Tesla in the third quarter worth $53,000. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Guggenheim reissued a “sell” rating and issued a $122.00 price objective on shares of Tesla in a research report on Tuesday, April 23rd. The Goldman Sachs Group lowered their target price on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Sanford C. Bernstein lowered their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. HSBC lowered their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Finally, Royal Bank of Canada lowered their target price on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $185.90.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last quarter. 25.10% of the stock is owned by company insiders.

Tesla Price Performance

TSLA traded down $0.02 on Thursday, hitting $179.97. 65,588,925 shares of the stock were exchanged, compared to its average volume of 104,737,977. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The business has a 50-day moving average of $174.41 and a two-hundred day moving average of $206.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market capitalization of $573.96 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 4.98 and a beta of 2.40.

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.