Hiley Hunt Wealth Management Purchases Shares of 904 Tesla, Inc. (NASDAQ:TSLA)

Hiley Hunt Wealth Management acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 904 shares of the electric vehicle producer's stock, valued at approximately $243,000.

Other institutional investors also recently modified their holdings of the company. Wealth Group Ltd. bought a new position in Tesla during the fourth quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA bought a new position in Tesla during the fourth quarter valued at approximately $1,361,000. Tallon Kerry Patrick bought a new position in Tesla during the fourth quarter valued at approximately $374,000. Eagle Capital Management LLC bought a new position in Tesla during the fourth quarter valued at approximately $331,000. Finally, Brighton Jones LLC grew its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after acquiring an additional 9,293 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of TSLA traded down $9.34 during mid-day trading on Friday, hitting $349.09. 122,996,137 shares of the stock were exchanged, compared to its average volume of 98,035,312. The company has a market cap of $1.12 trillion, a PE ratio of 171.12, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The firm has a 50-day moving average of $286.92 and a two-hundred day moving average of $333.95. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm 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 last year, the company earned $0.45 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Cantor Fitzgerald cut their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays cut their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Finally, Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Ten research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $293.97.

Insiders Place Their Bets

In related news, 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 directly owns 26,950 shares in the company, valued at $7,242,273.50. This represents a 9.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the sale, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 984,783 shares of company stock worth $320,019,942. 20.70% of the stock is currently owned by company insiders.

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.