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Christine Messmer PC Takes $684,000 Position in Tesla, Inc. $TSLA

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Key Points

  • Christine Messmer PC purchased a new stake in Tesla (1,522 shares) in the 4th quarter, valued at approximately $684,000 per the firm's 13F filing.
  • Company insiders have been net sellers recently — over the last three months insiders sold 80,213 shares worth about $30.85 million, including a 26,409‑share sale by director Kathleen Wilson‑Thompson; insiders now own 19.90% of the stock.
  • Tesla slightly beat EPS ( $0.41 vs. $0.39) while reporting $22.39B in revenue (up 15.8% YoY but below estimates); the stock trades at a high valuation (market cap ~$1.47T, P/E ~360) and carries an average analyst rating of "Hold" with a $398.42 target.
  • Five stocks we like better than Tesla.

Christine Messmer PC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,522 shares of the electric vehicle producer's stock, valued at approximately $684,000.

Several other large investors have also modified their holdings of the business. Networth Advisors LLC purchased a new position in shares of Tesla in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. grew its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $29,000. Finally, Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter worth approximately $30,000. Institutional investors own 66.20% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Analyst Ratings Changes

TSLA has been the topic of a number of analyst reports. Roth Mkm reaffirmed a "buy" rating on shares of Tesla in a research report on Thursday, April 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Thursday, April 23rd. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Tuesday, April 21st. President Capital lifted their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, HSBC initiated coverage on shares of Tesla in a research report on Monday, April 27th. They issued a "buy" rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Tesla has an average rating of "Hold" and an average target price of $398.42.

Check Out Our Latest Stock Analysis on TSLA

Tesla Price Performance

NASDAQ TSLA opened at $392.38 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The stock's fifty day moving average price is $383.09 and its 200 day moving average price is $419.10. Tesla, Inc. has a 1 year low of $271.00 and a 1 year high of $498.83. The company has a market cap of $1.47 trillion, a price-to-earnings ratio of 359.98, a PEG ratio of 14.87 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the firm earned $0.27 EPS. The firm's revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 1.25 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 80,213 shares of company stock worth $30,851,105. 19.90% of the stock is owned by insiders.

Tesla Profile

(Free Report)

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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