Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Verde Capital Management

Verde Capital Management grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,819 shares of the electric vehicle producer's stock after purchasing an additional 997 shares during the period. Tesla makes up about 1.5% of Verde Capital Management's holdings, making the stock its 13th biggest position. Verde Capital Management's holdings in Tesla were worth $5,395,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in Tesla by 79.5% during 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 in the last quarter. Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. raised its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the last quarter. Navigoe LLC bought a new position in Tesla in the 4th quarter worth $37,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director now owns 1,463,220 shares in the company, valued at $522,940,195.80. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the transaction, the director now owns 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 984,783 shares of company stock worth $320,019,942. Insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA traded down $9.34 during trading hours on Friday, hitting $349.09. The company's stock had a trading volume of 122,996,137 shares, compared to its average volume of 98,157,709. The business's 50-day moving average price is $286.92 and its 200-day moving average price is $333.97. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The stock has a market cap of $1.12 trillion, a price-to-earnings ratio of 171.12, a P/E/G ratio of 5.86 and a beta of 2.43. 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 (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the firm earned $0.45 EPS. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of several research reports. Guggenheim reiterated a "sell" rating and issued a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Mizuho raised their price target on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $293.97.

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.