HMV Wealth Advisors LLC Makes New $282,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

HMV Wealth Advisors LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 698 shares of the electric vehicle producer’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Management Associates NY raised its position in Tesla by 14,185.7% in the fourth quarter. Capital Management Associates NY now owns 4,000 shares of the electric vehicle producer’s stock worth $1,615,000 after acquiring an additional 3,972 shares in the last quarter. First National Trust Co raised its position in Tesla by 29.2% in the fourth quarter. First National Trust Co now owns 44,873 shares of the electric vehicle producer’s stock worth $18,122,000 after acquiring an additional 10,147 shares in the last quarter. Midwest Professional Planners LTD. raised its position in Tesla by 57.6% in the fourth quarter. Midwest Professional Planners LTD. now owns 4,977 shares of the electric vehicle producer’s stock worth $2,010,000 after acquiring an additional 1,819 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in Tesla by 373.8% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 18,843 shares of the electric vehicle producer’s stock worth $7,610,000 after acquiring an additional 14,866 shares in the last quarter. Finally, Left Brain Wealth Management LLC bought a new stake in Tesla in the fourth quarter worth about $3,260,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday, March 3rd. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Wells Fargo & Company lowered their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, Morgan Stanley reissued a “top pick” rating and set a $430.00 target price on shares of Tesla in a research note on Monday, March 3rd. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $325.65.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Up 3.9 %

Tesla stock opened at $249.98 on Friday. The firm has a market cap of $804.06 billion, a price-to-earnings ratio of 122.54, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a fifty day moving average price of $351.31 and a two-hundred day moving average price of $318.74.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.