J Hagan Capital Inc. Acquires Shares of 1,144 Tesla, Inc. (NASDAQ:TSLA)

J Hagan Capital Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,144 shares of the electric vehicle producer's stock, valued at approximately $296,000.

Several other large investors have also recently added to or reduced their stakes in TSLA. Eagle Capital Management LLC acquired a new position in shares of Tesla during the 4th quarter worth $331,000. Brighton Jones LLC increased its stake in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of Tesla during the 4th quarter worth $346,000. Finally, Highview Capital Management LLC DE acquired a new position in shares of Tesla during the 4th quarter worth $2,367,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

TSLA stock traded down $1.93 during trading on Wednesday, hitting $295.88. 75,143,508 shares of the stock traded hands, compared to its average volume of 100,488,192. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54. The stock has a market cap of $953.02 billion, a price-to-earnings ratio of 162.57, a P/E/G ratio of 8.86 and a beta of 2.39. The company has a 50 day simple moving average of $321.49 and a 200 day simple moving average of $323.10. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly 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 net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business earned $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on shares of Tesla from $285.00 to $315.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. HSBC reiterated a "reduce" rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Roth Mkm lowered their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $301.13.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,777,200. The trade was a 25.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 835,509 shares of company stock worth $279,420,485. 20.70% of the stock is owned by insiders.

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.