Wood Tarver Financial Group LLC Invests $583,000 in Tesla, Inc. (NASDAQ:TSLA)

Wood Tarver Financial Group LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,444 shares of the electric vehicle producer's stock, valued at approximately $583,000.

Several other large investors have also modified their holdings of the stock. Wealth Group Ltd. purchased a new position in Tesla in the fourth quarter worth $275,000. Comprehensive Financial Planning Inc. PA purchased a new position in Tesla in the fourth quarter worth $1,361,000. Tallon Kerry Patrick purchased a new position in Tesla in the fourth quarter worth $374,000. Eagle Capital Management LLC purchased a new position in Tesla in the fourth quarter worth $331,000. Finally, Conway Capital Management Inc. raised its position in Tesla by 2.2% in the fourth quarter. Conway Capital Management Inc. now owns 12,575 shares of the electric vehicle producer's stock worth $5,078,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler set a $400.00 price objective on Tesla in a research report on Tuesday, May 6th. Benchmark reissued a "buy" rating and issued a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Raymond James lowered Tesla to an "outperform" rating in a report on Tuesday, April 22nd. HSBC decreased their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Finally, BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average target price of $293.97.

Tesla Trading Down 0.5%

NASDAQ:TSLA opened at $339.34 on Tuesday. The stock's 50 day moving average price is $279.40 and its 200 day moving average price is $333.38. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a market capitalization of $1.09 trillion, a P/E ratio of 166.34, a P/E/G 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 released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS 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 firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company posted $0.45 EPS. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the 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 transaction, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares in the company, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,623 shares of company stock worth $116,650,831 over the last 90 days. 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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