Heck Capital Advisors LLC Buys New Shares in Tesla, Inc. (NASDAQ:TSLA)

Heck Capital Advisors LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,602 shares of the electric vehicle producer's stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Tesla in the fourth quarter valued at approximately $14,420,248,000. FMR LLC increased its stake in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. Strategic Financial Concepts LLC increased its stake in Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after acquiring an additional 8,637,195 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Northern Trust Corp increased its stake in Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 6.9%

TSLA stock traded up $23.55 during mid-day trading on Tuesday, reaching $362.89. The company had a trading volume of 118,443,476 shares, compared to its average volume of 97,589,424. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $279.40 and a two-hundred day simple moving average of $333.38. The company has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla 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 completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,623 shares of company stock worth $116,650,831. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLA. Robert W. Baird lowered their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. UBS Group reduced their price objective on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Argus set a $410.00 price objective on Tesla in a report on Thursday, April 24th. Morgan Stanley reaffirmed a "buy" rating and set a $430.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. Finally, BNP Paribas set a $137.00 price target on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Ten investment 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla 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.