Fourth Dimension Wealth LLC Makes New $629,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Fourth Dimension Wealth LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,557 shares of the electric vehicle producer's stock, valued at approximately $629,000.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. increased its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC purchased a new position in Tesla in the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 4th quarter valued at about $38,000. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSLA. Wall Street Zen downgraded shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Roth Mkm lowered their target price on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus set a $450.00 target price on Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Ten investment 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 given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $293.97.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. The trade was a 10.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,623 shares of company stock valued at $116,650,831. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Up 5.6%

TSLA stock traded up $18.91 during mid-day trading on Tuesday, reaching $358.25. The company had a trading volume of 54,615,034 shares, compared to its average volume of 97,350,774. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 175.98, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. 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 firm has a fifty day simple moving average of $279.40 and a 200 day simple moving average of $333.38.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business 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 last year, the company earned $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla Company 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.