Vista Cima Wealth Management LLC Buys Shares of 1,116 Tesla, Inc. (NASDAQ:TSLA)

Vista Cima Wealth Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,116 shares of the electric vehicle producer's stock, valued at approximately $451,000.

A number of other hedge funds have also bought and sold shares of the company. Waters Parkerson & CO. LLC raised its stake in Tesla by 8.2% during the fourth quarter. Waters Parkerson & CO. LLC now owns 5,272 shares of the electric vehicle producer's stock worth $2,129,000 after buying an additional 401 shares during the last quarter. WBI Investments LLC bought a new position in Tesla during the fourth quarter worth $238,000. Twinbeech Capital LP acquired a new stake in Tesla in the fourth quarter worth $13,052,000. Triglav Skladi D.O.O. acquired a new stake in Tesla in the fourth quarter worth $28,107,000. Finally, Two Sigma Advisers LP grew its holdings in Tesla by 143,359.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,281,093 shares of the electric vehicle producer's stock worth $517,357,000 after purchasing an additional 1,280,200 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Stock Down 2.7%

Tesla stock traded down $9.20 during midday trading on Wednesday, hitting $334.62. 101,809,426 shares of the stock were exchanged, compared to its average volume of 97,284,855. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 164.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 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 business's 50-day moving average price is $271.29 and its 200-day moving average price is $331.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 period in the prior year, the firm posted $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. Company insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSLA shares. Glj Research restated a "sell" rating and issued a $19.05 price target (down from $24.86) on shares of Tesla in a report on Monday, April 21st. HSBC reduced their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Argus set a $410.00 price target on shares of Tesla in a report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Finally, Mizuho raised their price target on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Ten research 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $289.43.

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.