1,438 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Fonville Wealth Management LLC

Fonville Wealth Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,438 shares of the electric vehicle producer’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wyrmwood Management LLC acquired a new position in shares of Tesla during the fourth quarter worth approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter worth approximately $25,000. Alpha Paradigm Partners LLC acquired a new position in shares of Tesla during the third quarter worth approximately $27,000. MayTech Global Investments LLC acquired a new position in shares of Tesla during the fourth quarter worth approximately $30,000. Finally, Perkins Coie Trust Co lifted its holdings in shares of Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 54 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated 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 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 available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last 90 days. 25.10% of the stock is owned by company insiders.

Tesla Price Performance

Shares of TSLA stock traded down $5.52 during trading hours on Thursday, hitting $149.93. 95,522,509 shares of the company’s stock were exchanged, compared to its average volume of 101,837,430. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a 52 week low of $148.70 and a 52 week high of $299.29. The stock has a market cap of $477.50 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39. The stock’s 50-day moving average is $180.24 and its 200-day moving average is $212.64.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the company earned $1.07 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TSLA shares. HSBC cut their price target on Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a report on Wednesday, April 3rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, April 2nd. Canaccord Genuity Group cut their target price on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Royal Bank of Canada restated an “outperform” rating and issued a $298.00 target price on shares of Tesla in a research note on Wednesday, March 27th. Finally, Piper Sandler cut their target price on Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $194.70.

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.