Capital A Wealth Management LLC Acquires Shares of 1,566 Tesla, Inc. (NASDAQ:TSLA)

Capital A Wealth Management LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,566 shares of the electric vehicle producer's stock, valued at approximately $632,000. Tesla comprises approximately 1.0% of Capital A Wealth Management LLC's portfolio, making the stock its 18th largest position.

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

Tesla Stock Up 6.9%

Shares of NASDAQ:TSLA traded up $23.55 during trading hours on Tuesday, reaching $362.89. The stock had a trading volume of 118,443,476 shares, 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 firm's 50 day moving average is $279.40 and its 200-day moving average is $333.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 177.89, a P/E/G ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the company posted $0.45 earnings per share. Research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TSLA. Guggenheim reaffirmed a "sell" rating and issued a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. HSBC lowered their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and lifted their target price 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 assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $293.97.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $9,435,464.50. This trade represents a 10.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction on 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 transaction, 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 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 in the last ninety days. Insiders own 20.70% of the company's stock.

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.