Brucke Financial Inc. Acquires Shares of 3,316 Tesla, Inc. (NASDAQ:TSLA)

Brucke Financial Inc. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,316 shares of the electric vehicle producer's stock, valued at approximately $1,342,000. Tesla accounts for approximately 1.2% of Brucke Financial Inc.'s portfolio, making the stock its 21st largest holding.

Several other large investors have also recently bought and sold shares of the stock. True Wealth Design LLC boosted its position in shares of Tesla by 79.5% during the 4th 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 in the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of Tesla by 75.6% in the fourth 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 during the period. GS Investments Inc. boosted its holdings in shares of Tesla by 193.3% in 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 during the period. Navigoe LLC acquired a new position in shares of Tesla in the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Tesla in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 0.4%

Shares of NASDAQ TSLA traded up $1.33 during trading on Thursday, reaching $358.23. The company had a trading volume of 59,161,687 shares, compared to its average volume of 107,053,695. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The stock has a market cap of $1.15 trillion, a PE ratio of 175.60, a P/E/G ratio of 5.86 and a beta of 2.43. The business's 50-day moving average is $284.09 and its 200 day moving average is $333.75. 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 released its earnings results 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 85,000 shares of the company's stock, 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 6,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock valued at $116,650,831 over the last quarter. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. Morgan Stanley restated a "buy" rating and set a $430.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Roth Mkm dropped their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research report on Tuesday, April 22nd. Argus set a $410.00 price target on shares of Tesla in a research report on Thursday, April 24th. Finally, TD Cowen raised Tesla from a "hold" rating to a "buy" rating and increased their target price for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Ten 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $293.97.

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.