Kingstone Capital Partners Texas LLC Takes $447,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Kingstone Capital Partners Texas LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,106 shares of the electric vehicle producer's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Tesla during the 4th quarter worth approximately $56,600,000. Stephens Consulting LLC lifted its stake in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its stake in Tesla by 133.7% in the fourth 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 in the last quarter. Harvard Management Co. Inc. bought a new stake in shares of Tesla during the 4th quarter valued at approximately $8,158,000. Finally, Vontobel Holding Ltd. grew its stake in shares of Tesla by 23.0% during the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after buying an additional 60,342 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. The trade was a 9.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,623 shares of company stock valued at $116,650,831. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Glj Research reiterated a "sell" rating and issued a $19.05 target price (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Argus set a $410.00 price target on shares of Tesla in a report on Thursday, April 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Stock Down 0.4%

TSLA traded down $1.48 during trading on Wednesday, hitting $361.41. 50,567,857 shares of the company's stock were exchanged, compared to its average volume of 97,411,663. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock has a market cap of $1.16 trillion, a P/E ratio of 177.35, a PEG ratio of 5.86 and a beta of 2.43. The business's 50 day moving average is $281.93 and its two-hundred day moving average is $333.59. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

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

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.