Waterloo Capital L.P. Acquires 1,636 Shares of Tesla, Inc. (NASDAQ:TSLA)

Waterloo Capital L.P. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,646 shares of the electric vehicle producer’s stock after acquiring an additional 1,636 shares during the quarter. Waterloo Capital L.P.’s holdings in Tesla were worth $1,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wyrmwood Management LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC lifted its holdings 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 purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its position in shares of Tesla by 111.1% in the 4th 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, Quattro Financial Advisors LLC purchased a new position in Tesla during the 4th quarter worth $62,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,560 shares of company stock worth $35,725,248. Corporate insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of TSLA stock traded down $0.46 on Friday, reaching $177.48. 56,244,932 shares of the company were exchanged, compared to its average volume of 68,096,336. The company has a market cap of $566.02 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 4.41 and a beta of 2.32. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The business has a 50-day moving average price of $172.18 and a 200 day moving average price of $197.76. 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 (NASDAQ:TSLAGet Free Report) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Equities research analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSLA. Guggenheim reiterated a “sell” rating and issued a $122.00 price target on shares of Tesla in a research note on Tuesday, April 23rd. Royal Bank of Canada lowered their target price on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Tesla in a report on Monday, April 22nd. Mizuho cut their target price on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $275.00 target price on shares of Tesla in a report on Monday, April 29th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine 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 target price of $185.90.

Read Our Latest Report on TSLA

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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