Lakeshore Capital Group Inc. Invests $1.41 Million in Tesla, Inc. (NASDAQ:TSLA)

Lakeshore Capital Group Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,494 shares of the electric vehicle producer's stock, valued at approximately $1,411,000. Tesla makes up approximately 2.1% of Lakeshore Capital Group Inc.'s portfolio, making the stock its 15th biggest holding.

Other large investors have also modified their holdings of the company. Wealth Group Ltd. acquired a new stake in shares of Tesla in the fourth quarter worth $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tesla during the fourth quarter worth $1,361,000. Tallon Kerry Patrick purchased a new stake in shares of Tesla during the fourth quarter worth $374,000. Eagle Capital Management LLC purchased a new stake in shares of Tesla during the fourth quarter worth $331,000. Finally, Independent Wealth Network Inc. lifted its holdings in shares of Tesla by 77.2% during the 4th quarter. Independent Wealth Network Inc. now owns 3,381 shares of the electric vehicle producer's stock valued at $1,365,000 after buying an additional 1,473 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSLA. Canaccord Genuity Group reduced their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Mizuho upped their price objective on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. HSBC reduced their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research report on Thursday, March 27th. Guggenheim reissued a "sell" rating and set a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price objective (up from $350.00) on shares of Tesla in a research note on Friday. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $293.97.

Tesla Price Performance

TSLA stock traded up $23.55 during trading on Tuesday, hitting $362.89. The company had a trading volume of 118,443,476 shares, compared to its average volume of 97,589,424. The company has a fifty day moving average price of $279.40 and a two-hundred day moving average price of $333.38. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.17 trillion, a P/E ratio of 177.89, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the firm earned $0.45 EPS. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on 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 transaction, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction on 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 $9,435,464.50. This trade represents a 10.02% 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 valued at $116,650,831. 20.70% of the stock is currently owned by corporate insiders.

Tesla 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.