LifeWealth Investments LLC Purchases Shares of 2,092 Tesla, Inc. (NASDAQ:TSLA)

LifeWealth Investments LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,092 shares of the electric vehicle producer's stock, valued at approximately $845,000.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings 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 buying an additional 34 shares in the last quarter. GS Investments Inc. lifted its holdings in Tesla by 193.3% during the 4th 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 acquired a new stake in Tesla during the 4th quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at $23,300,200. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSLA. Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Roth Mkm reduced their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Mizuho raised their price objective on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and raised their price objective for the company from $180.00 to $388.00 in a report on Friday, March 7th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $293.97.

Tesla Stock Performance

Shares of Tesla stock traded up $23.55 on Tuesday, reaching $362.89. 118,443,476 shares of the stock were exchanged, compared to its average volume of 97,589,424. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $279.40 and a two-hundred day moving average price of $333.38. The firm has a market capitalization of $1.17 trillion, a PE ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43.

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

About Tesla

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.