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

IronOak Wealth LLC. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,488 shares of the electric vehicle producer's stock, valued at approximately $3,832,000. Tesla comprises about 4.3% of IronOak Wealth LLC.'s investment portfolio, making the stock its 2nd largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Hengehold Capital Management LLC boosted its position in Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after buying an additional 24 shares during the period. Strategic Investment Advisors MI lifted its position in Tesla by 0.3% in 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 last quarter. Vista Finance LLC lifted its position in Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares during the last quarter. Prospect Financial Services LLC increased its stake in Tesla by 0.3% in the fourth 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 period. Finally, Jmac Enterprises LLC increased its stake in Tesla by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Piper Sandler set a $400.00 price target on shares of Tesla in a research note on Tuesday, May 6th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Canaccord Genuity Group decreased their price objective on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and upped their price target for the company from $180.00 to $388.00 in a report on Friday, March 7th. Finally, Roth Mkm reduced their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have issued 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, Tesla currently has a consensus rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock worth $116,650,831 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Price Performance

TSLA opened at $339.34 on Tuesday. The company has a fifty day simple moving average of $279.40 and a 200 day simple moving average of $333.38. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 166.34, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a twelve month low of $167.41 and a twelve month 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 released 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 firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS 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.

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