Hall Capital Management Co. Inc. Buys Shares of 1,891 Tesla, Inc. (NASDAQ:TSLA)

Hall Capital Management Co. Inc. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,891 shares of the electric vehicle producer's stock, valued at approximately $764,000.

Several other hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its holdings in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the period. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC purchased a new position in shares of Tesla in the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla in the 4th quarter worth approximately $38,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock worth $116,650,831 in the last 90 days. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. HSBC dropped their price objective on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Benchmark reiterated a "buy" rating and issued a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $293.97.

Tesla Stock Performance

TSLA traded up $5.42 during trading hours on Thursday, hitting $362.32. 54,001,029 shares of the stock were exchanged, compared to its average volume of 97,550,016. The stock has a market cap of $1.17 trillion, a price-to-earnings ratio of 177.38, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The stock has a 50-day simple moving average of $284.09 and a 200-day simple moving average of $333.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54.

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

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.