IronOak Wealth LLC. Makes New $3.83 Million Investment in Tesla, Inc. (NASDAQ:TSLA)

IronOak Wealth 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 filing with the SEC. The fund bought 9,488 shares of the electric vehicle producer's stock, valued at approximately $3,832,000. Tesla comprises approximately 4.3% of IronOak Wealth LLC.'s portfolio, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. True Wealth Design LLC increased its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. increased its position in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC bought a new stake in shares of Tesla in the 4th quarter valued at $37,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 4th quarter valued at $38,000. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $23,300,200. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,623 shares of company stock worth $116,650,831. Company insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSLA. Robert W. Baird reduced their target price on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Roth Mkm reduced their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Benchmark reaffirmed a "buy" rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $1.53 on Thursday, hitting $358.43. The company had a trading volume of 87,629,003 shares, compared to its average volume of 97,676,225. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 175.70, a P/E/G ratio of 5.86 and a beta of 2.43. The stock has a 50 day moving average price of $284.09 and a 200 day moving average price of $333.75. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. 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 (NASDAQ:TSLA - Get Free Report) last announced its 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). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the business posted $0.45 EPS. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current 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.