Bosman Wealth Management LLC Acquires 3,057 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bosman Wealth Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 322.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,005 shares of the electric vehicle producer's stock after acquiring an additional 3,057 shares during the period. Tesla makes up 1.1% of Bosman Wealth Management LLC's portfolio, making the stock its 28th biggest position. Bosman Wealth Management LLC's holdings in Tesla were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Eagle Capital Management LLC bought a new position in Tesla in the fourth quarter valued at about $331,000. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares during the period. Mascagni Wealth Management Inc. bought a new position in shares of Tesla in the fourth quarter worth about $346,000. Finally, Highview Capital Management LLC DE bought a new position in shares of Tesla in the fourth quarter worth about $2,367,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of TSLA stock traded up $3.46 during mid-day trading on Monday, reaching $316.97. The company's stock had a trading volume of 77,602,152 shares, compared to its average volume of 109,128,070. Tesla, Inc. has a 1-year low of $182.00 and a 1-year high of $488.54. The company has a market cap of $1.02 trillion, a P/E ratio of 174.16, a PEG ratio of 9.33 and a beta of 2.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The firm's 50-day moving average is $322.60 and its two-hundred day moving average is $319.32.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter last year, the business earned $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on TSLA. Royal Bank Of Canada decreased their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Raymond James Financial cut Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Wedbush restated an "outperform" rating and set a $500.00 price target on shares of Tesla in a report on Tuesday, July 8th. Finally, Benchmark restated a "buy" rating and set a $475.00 price target (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $300.19.

Insider Activity

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director owned 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 835,509 shares of company stock worth $279,420,485. Company insiders own 20.70% of the company's stock.

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.