Leslie Global Wealth LLC Makes New $544,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Leslie Global Wealth LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,348 shares of the electric vehicle producer's stock, valued at approximately $544,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after buying an additional 194,796 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of Tesla by 6.0% during the 3rd quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock valued at $890,000 after buying an additional 192 shares in the last quarter. Advisory Resource Group increased its stake in Tesla by 1.2% in the 3rd quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock worth $1,115,000 after purchasing an additional 50 shares during the period. Morse Asset Management Inc increased its stake in Tesla by 46.0% in the 3rd quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock worth $2,279,000 after purchasing an additional 2,743 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in Tesla by 31.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,579 shares of the electric vehicle producer's stock worth $1,460,000 after purchasing an additional 1,334 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock worth $123,791,123 over the last quarter. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSLA. Deutsche Bank Aktiengesellschaft decreased their price target on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. StockNews.com lowered Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Bank of America cut their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Mizuho dropped their price target on Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a research report on Monday, January 6th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $287.46.

Tesla Price Performance

Shares of Tesla stock traded up $1.52 on Thursday, hitting $283.68. 67,815,592 shares of the company traded hands, compared to its average volume of 107,758,953. The stock has a market capitalization of $913.73 billion, a P/E ratio of 139.15, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. 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, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The business has a 50-day simple moving average of $260.13 and a 200 day simple moving average of $323.58.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the business earned $0.45 EPS. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share 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.