Kilter Group LLC Invests $808,000 in Tesla, Inc. (NASDAQ:TSLA)

Kilter Group LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the electric vehicle producer's stock, valued at approximately $808,000. Tesla makes up about 0.5% of Kilter Group LLC's investment portfolio, making the stock its 22nd largest position.

Several other large investors have also added to or reduced their stakes in TSLA. Wealth Group Ltd. purchased a new stake in Tesla in the 4th quarter worth approximately $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tesla in the fourth quarter worth $1,361,000. Tallon Kerry Patrick bought a new stake in Tesla during the fourth quarter valued at $374,000. Eagle Capital Management LLC bought a new position in Tesla in the 4th quarter worth about $331,000. Finally, Conway Capital Management Inc. raised its holdings in shares of Tesla by 2.2% in the 4th quarter. Conway Capital Management Inc. now owns 12,575 shares of the electric vehicle producer's stock valued at $5,078,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,672 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $7,242,273.50. This trade represents a 9.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock worth $116,650,831 over the last three months. Company insiders own 20.70% of the company's stock.

Tesla Trading Down 1.7%

Shares of Tesla stock traded down $5.99 during midday trading on Wednesday, reaching $356.90. 90,072,873 shares of the company's stock traded hands, compared to its average volume of 97,715,842. The stock has a 50 day moving average of $281.93 and a 200-day moving average of $333.59. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a market cap of $1.15 trillion, a PE ratio of 174.95, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during 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 company posted $0.45 earnings per share. As a group, 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 subject of several recent analyst reports. Raymond James lowered Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Robert W. Baird cut their price target 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. Benchmark restated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Glj Research reaffirmed a "sell" rating and set a $19.05 price objective (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Finally, Morgan Stanley reissued a "buy" rating and issued a $430.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Ten 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $293.97.

About Tesla

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.