Victrix Investment Advisors Takes $428,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Victrix Investment Advisors bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,060 shares of the electric vehicle producer's stock, valued at approximately $428,000.

Other hedge funds have also added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new stake in Tesla during the fourth quarter valued at $202,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Tesla during the 4th quarter valued at about $451,000. Waters Parkerson & CO. LLC lifted its stake in shares of Tesla by 8.2% in the 4th quarter. Waters Parkerson & CO. LLC now owns 5,272 shares of the electric vehicle producer's stock worth $2,129,000 after purchasing an additional 401 shares during the period. WBI Investments LLC bought a new stake in Tesla during the fourth quarter valued at approximately $238,000. Finally, Twinbeech Capital LP purchased a new stake in Tesla during the fourth quarter valued at approximately $13,052,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Up 2.1%

Shares of NASDAQ TSLA opened at $349.98 on Monday. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.56, a PEG ratio of 5.86 and a beta of 2.43. The business's 50 day moving average price is $267.35 and its 200-day moving average price is $330.65.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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 return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSLA shares. Royal Bank of Canada dropped their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim reissued a "sell" rating and set a $170.00 price target on shares of Tesla in a report on Thursday, April 24th. Bank of America reduced their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $289.43.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $300.00, for a total value of $1,200,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $8,085,000. This represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director now owns 85,000 shares in the company, valued at $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 412,623 shares of company stock worth $115,600,501. Insiders own 20.70% of the company's stock.

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.

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