Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,066 shares of the electric vehicle producer’s stock after acquiring an additional 492 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in Tesla were worth $1,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Biltmore Wealth Management LLC grew its position in Tesla by 2.7% during the fourth quarter. Biltmore Wealth Management LLC now owns 3,772 shares of the electric vehicle producer’s stock valued at $1,523,000 after buying an additional 99 shares during the period. Tlwm grew its position in Tesla by 1.0% during the fourth quarter. Tlwm now owns 8,306 shares of the electric vehicle producer’s stock valued at $3,354,000 after buying an additional 86 shares during the period. Wallace Advisory Group LLC acquired a new stake in Tesla during the fourth quarter valued at $503,000. Cypress Financial Planning LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $237,000. Finally, Capital CS Group LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $781,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 8.0 %

TSLA stock opened at $428.22 on Thursday. The company has a fifty day moving average price of $382.71 and a 200 day moving average price of $284.69. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market cap of $1.37 trillion, a price-to-earnings ratio of 117.32, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Tesla’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock worth $213,451,751 in the last 90 days. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLA. JPMorgan Chase & Co. lifted their target price on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Wedbush reiterated an “outperform” rating and issued a $400.00 target price on shares of Tesla in a research report on Monday, November 18th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a research report on Monday, January 6th. HSBC reiterated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research report on Friday, October 11th. Finally, Glj Research reiterated a “sell” rating and issued a $24.86 target price on shares of Tesla in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $299.33.

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.