Goodman Advisory Group LLC Acquires Shares of 4,158 Tesla, Inc. (NASDAQ:TSLA)

Goodman Advisory Group LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,158 shares of the electric vehicle producer's stock, valued at approximately $1,078,000.

A number of other institutional investors also recently modified their holdings of TSLA. True Wealth Design LLC lifted its holdings in Tesla by 79.5% in the 4th 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 period. Horrell Capital Management Inc. raised its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. lifted its stake in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC bought a new stake in Tesla in the fourth quarter valued at $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla during the 4th quarter valued at $38,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Xiaotong Zhu sold 15,000 shares of the company'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 now owns 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the chief financial officer now owns 1,950 shares in the company, valued at $682,500. This trade represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 in the last ninety days. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $323.63 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $314.93 and a 200-day moving average price of $329.21. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The firm has a market capitalization of $1.04 trillion, a PE ratio of 177.82, a P/E/G ratio of 12.20 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the prior year, the business posted $0.45 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report 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 research note on Wednesday, April 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $298.37.

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.

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