20,509 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Udine Wealth Management Inc.

Udine Wealth Management Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,509 shares of the electric vehicle producer’s stock, valued at approximately $3,605,000. Tesla accounts for about 2.6% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds also recently modified their holdings of TSLA. Aviance Capital Partners LLC raised its holdings in Tesla by 5,433.5% during the 1st quarter. Aviance Capital Partners LLC now owns 50,853 shares of the electric vehicle producer’s stock valued at $8,939,000 after acquiring an additional 49,934 shares during the period. Mirador Capital Partners LP raised its holdings in Tesla by 36.5% during the 1st quarter. Mirador Capital Partners LP now owns 7,208 shares of the electric vehicle producer’s stock valued at $1,267,000 after acquiring an additional 1,929 shares during the period. Clarity Wealth Advisors LLC grew its position in shares of Tesla by 15.4% during the 1st quarter. Clarity Wealth Advisors LLC now owns 12,544 shares of the electric vehicle producer’s stock valued at $2,205,000 after purchasing an additional 1,673 shares in the last quarter. Waterway Wealth Management LLC grew its position in shares of Tesla by 103.5% during the 1st quarter. Waterway Wealth Management LLC now owns 1,701 shares of the electric vehicle producer’s stock valued at $299,000 after purchasing an additional 865 shares in the last quarter. Finally, Trilogy Capital Inc. grew its position in shares of Tesla by 133.0% during the 1st quarter. Trilogy Capital Inc. now owns 4,294 shares of the electric vehicle producer’s stock valued at $755,000 after purchasing an additional 2,451 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Tesla Stock Up 6.3 %

TSLA traded up $12.46 during midday trading on Monday, reaching $210.34. The company’s stock had a trading volume of 80,687,969 shares, compared to its average volume of 95,213,758. The firm has a market capitalization of $670.82 billion, a price-to-earnings ratio of 53.55, a PEG ratio of 4.91 and a beta of 2.31. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The stock’s 50-day moving average is $177.80 and its 200-day moving average is $191.38.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. As a group, research analysts expect that Tesla, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company restated an “underweight” rating and set a $120.00 price target on shares of Tesla in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Tesla in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price target on shares of Tesla in a research report on Friday, June 14th. Barclays reduced their price target on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $187.30.

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.