Wick Capital Partners LLC Buys 5,303 Shares of Tesla, Inc. $TSLA

Wick Capital Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 131.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,344 shares of the electric vehicle producer’s stock after acquiring an additional 5,303 shares during the period. Wick Capital Partners LLC’s holdings in Tesla were worth $4,202,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new position in shares of Tesla during the 4th quarter valued at about $3,689,000. WealthPoint Financial LLC bought a new stake in shares of Tesla in the fourth quarter worth about $316,000. Van Diest Capital LLC bought a new stake in shares of Tesla in the fourth quarter worth about $603,000. Compound Planning Inc. lifted its position in shares of Tesla by 21.8% in the fourth quarter. Compound Planning Inc. now owns 50,757 shares of the electric vehicle producer’s stock worth $22,827,000 after buying an additional 9,073 shares in the last quarter. Finally, Claris Financial LLC bought a new position in Tesla during the fourth quarter valued at approximately $1,673,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 1.0%

Shares of TSLA stock opened at $400.49 on Friday. The company has a market cap of $1.50 trillion, a PE ratio of 367.42, a price-to-earnings-growth ratio of 15.84 and a beta of 1.80. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83. The stock’s 50 day simple moving average is $402.19 and its two-hundred day simple moving average is $415.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Research analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of Tesla in a report on Tuesday. JPMorgan Chase & Co. upgraded Tesla from an “underweight” rating to a “neutral” rating and increased their target price for the company from $145.00 to $475.00 in a research report on Friday, June 5th. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. Phillip Securities reduced their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Finally, Tigress Financial started coverage on shares of Tesla in a research note on Monday, April 27th. They set a “buy” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $404.37.

View Our Latest Research Report on Tesla

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by corporate insiders.

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About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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