Wick Capital Partners LLC Has $1.18 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Wick Capital Partners LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,927 shares of the electric vehicle producer's stock after purchasing an additional 960 shares during the quarter. Wick Capital Partners LLC's holdings in Tesla were worth $1,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new position in Tesla during the fourth quarter worth about $56,600,000. Stephens Consulting LLC raised its stake in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its stake in Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after acquiring an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in Tesla during the fourth quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. raised its stake in Tesla by 23.0% during the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after acquiring an additional 60,342 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 1.9%

Shares of TSLA opened at $341.04 on Friday. The business has a 50-day moving average of $275.05 and a 200 day moving average of $332.09. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The firm has a market cap of $1.10 trillion, a P/E ratio of 167.18, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. 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 announced its quarterly earnings data 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the business posted $0.45 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research reports. Wells Fargo & Company reduced their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Morgan Stanley restated a "buy" rating and set a $430.00 price target on shares of Tesla in a report on Tuesday, April 22nd. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and upped their target price for the company from $180.00 to $388.00 in a report on Friday, March 7th. Argus set a $410.00 target price on Tesla in a report on Thursday, April 24th. Finally, Guggenheim reissued a "sell" rating and issued a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $289.43.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated 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 owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $9,435,464.50. The trade was a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

About Tesla

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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