Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Menard Financial Group LLC

Menard Financial Group LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,449 shares of the electric vehicle producer's stock after purchasing an additional 1,427 shares during the period. Tesla accounts for about 1.1% of Menard Financial Group LLC's portfolio, making the stock its 17th largest holding. Menard Financial Group LLC's holdings in Tesla were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. True Wealth Design LLC lifted its holdings in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. lifted its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in Tesla in the fourth quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at approximately $38,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 1.7%

NASDAQ:TSLA traded down $5.99 during trading hours on Wednesday, hitting $356.90. The company's stock had a trading volume of 90,072,873 shares, compared to its average volume of 97,715,842. 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, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The stock has a market capitalization of $1.15 trillion, a P/E ratio of 174.95, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The stock has a fifty day moving average of $281.93 and a 200-day moving average of $333.59.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TSLA shares. Roth Mkm decreased their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird decreased their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group cut their target price on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, Benchmark reissued a "buy" rating and issued a $350.00 target price on shares of Tesla in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $293.97.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 owns 85,000 shares in the company, valued at approximately $25,466,850. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now owns 23,084 shares of the company's stock, valued at $6,833,325.68. This trade represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock worth $116,650,831 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

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.