1,415 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Copia Wealth Management

Copia Wealth Management acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,415 shares of the electric vehicle producer's stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Strategic Investment Advisors MI raised its holdings in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the period. Vista Finance LLC raised its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after purchasing an additional 25 shares during the last quarter. Prospect Financial Services LLC raised its stake in Tesla by 0.3% during the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after purchasing an additional 26 shares during the last quarter. Jmac Enterprises LLC raised its stake in shares of Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares in the last quarter. Finally, TFB Advisors LLC raised its stake in shares of Tesla by 0.5% in the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after buying an additional 27 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 984,783 shares of company stock valued at $320,019,942 over the last quarter. Company insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA stock traded down $9.34 during mid-day trading on Friday, reaching $349.09. The company's stock had a trading volume of 122,996,137 shares, compared to its average volume of 98,157,709. The company's 50 day moving average is $286.92 and its two-hundred day moving average is $333.97. The stock has a market cap of $1.12 trillion, a PE ratio of 171.12, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the firm earned $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Glj Research reissued a "sell" rating and set a $19.05 price objective (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Argus set a $410.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and lifted their price target for the company from $180.00 to $388.00 in a report on Friday, March 7th. Finally, Barclays reduced their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $293.97.

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.