Ionic Capital Management LLC Purchases Shares of 1,200 Tesla, Inc. (NASDAQ:TSLA)

Ionic Capital Management LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,200 shares of the electric vehicle producer's stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla during the fourth quarter worth $56,600,000. Stephens Consulting LLC lifted its holdings in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after buying an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its position in shares of Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $8,158,000. Finally, Ameritas Advisory Services LLC raised its position in shares of Tesla by 104.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after acquiring an additional 29,458 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 408,623 shares of company stock valued at $114,400,501 in the last quarter. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

NASDAQ TSLA traded up $4.83 on Tuesday, hitting $323.21. The stock had a trading volume of 37,403,779 shares, compared to its average volume of 96,090,721. The firm has a 50-day moving average of $259.44 and a 200-day moving average of $328.24. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 158.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the business posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Finally, Morgan Stanley reissued a "buy" rating and set a $430.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $287.46.

Tesla Company 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.