Rovin Capital UT ADV Acquires 232 Shares of Tesla, Inc. (NASDAQ:TSLA)

Rovin Capital UT ADV grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,339 shares of the electric vehicle producer’s stock after acquiring an additional 232 shares during the quarter. Rovin Capital UT ADV’s holdings in Tesla were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wyrmwood Management LLC purchased a new position in Tesla in the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new position in Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC raised its position in Tesla by 202.2% during the fourth 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 in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter worth about $37,000. Finally, Guardian Wealth Management Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last three months. 20.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSLA shares. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Guggenheim reaffirmed a “sell” rating and set a $122.00 target price on shares of Tesla in a report on Tuesday, April 23rd. Wedbush reissued an “outperform” rating and issued a $275.00 price target on shares of Tesla in a research note on Monday. Finally, Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $184.32.

Tesla Stock Down 5.6 %

Shares of NASDAQ TSLA traded down $10.77 during mid-day trading on Tuesday, hitting $183.28. 126,403,453 shares of the stock traded hands, compared to its average volume of 105,362,438. The company has a market cap of $584.52 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 4.45 and a beta of 2.40. The stock has a fifty day moving average price of $174.71 and a 200-day moving average price of $206.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. 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 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.