Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,154 shares of the electric vehicle producer's stock after acquiring an additional 3,100 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Tesla were worth $4,186,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Fourpath Capital Management LLC grew its position in Tesla by 2.2% during the 1st quarter. Fourpath Capital Management LLC now owns 2,059 shares of the electric vehicle producer's stock worth $534,000 after purchasing an additional 44 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Tesla during the first quarter valued at $906,000. Truefg LLC increased its position in shares of Tesla by 15.8% in the 1st quarter. Truefg LLC now owns 1,024 shares of the electric vehicle producer's stock valued at $265,000 after acquiring an additional 140 shares during the period. Parisi Gray Wealth Management raised its stake in Tesla by 15.7% in the 1st quarter. Parisi Gray Wealth Management now owns 12,716 shares of the electric vehicle producer's stock worth $3,296,000 after acquiring an additional 1,727 shares during the last quarter. Finally, Panoramic Capital Partners LLC lifted its position in Tesla by 55.9% during the 1st quarter. Panoramic Capital Partners LLC now owns 1,397 shares of the electric vehicle producer's stock worth $362,000 after acquiring an additional 501 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $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. In the last quarter, insiders sold 818,509 shares of company stock valued at $273,791,775. 20.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on TSLA. HSBC cut their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Bank of America decreased their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Roth Mkm lowered their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $293.67.

Tesla Price Performance

NASDAQ:TSLA traded up $6.20 during trading hours on Friday, hitting $325.31. The company's stock had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. The company has a market capitalization of $1.05 trillion, a PE ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 52-week low of $177.00 and a 52-week high of $488.54. The business's 50-day moving average is $299.39 and its two-hundred day moving average is $332.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the business posted $0.45 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.