Jackson Wealth Management LLC Purchases 1,134 Shares of Tesla, Inc. (NASDAQ:TSLA)

Jackson Wealth Management LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 109.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,169 shares of the electric vehicle producer's stock after purchasing an additional 1,134 shares during the quarter. Jackson Wealth Management LLC's holdings in Tesla were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. increased its holdings in shares of Tesla by 3.0% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 4,395 shares of the electric vehicle producer's stock worth $1,139,000 after acquiring an additional 128 shares during the period. Compass Wealth Management LLC increased its stake in shares of Tesla by 360.0% in the first quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock valued at $30,000 after purchasing an additional 90 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of Tesla by 2.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 5,664 shares of the electric vehicle producer's stock valued at $1,468,000 after buying an additional 119 shares during the last quarter. Proffitt & Goodson Inc. boosted its position in shares of Tesla by 13,568.8% during the first quarter. Proffitt & Goodson Inc. now owns 2,187 shares of the electric vehicle producer's stock worth $567,000 after buying an additional 2,171 shares during the period. Finally, Whelan Financial grew its holdings in Tesla by 37.6% in the 1st quarter. Whelan Financial now owns 2,307 shares of the electric vehicle producer's stock worth $598,000 after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the transaction, the chief financial officer directly owned 1,950 shares in the company, valued at approximately $664,989. The trade was a 75.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director owned 855,394 shares in the company, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 829,509 shares of company stock worth $277,648,925 over the last ninety days. Insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TSLA shares. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Mizuho upped their target price on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, May 16th. William Blair cut Tesla from an "outperform" rating to a "market perform" rating in a research note on Monday. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reduced their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $301.60.

Tesla Price Performance

Shares of TSLA stock traded down $21.22 during trading hours on Monday, reaching $294.13. 75,725,530 shares of the company were exchanged, compared to its average volume of 100,833,847. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The stock's fifty day moving average is $320.93 and its two-hundred day moving average is $324.35. The company has a market cap of $947.38 billion, a price-to-earnings ratio of 161.48, a P/E/G ratio of 9.17 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share 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.