White Wing Wealth Management Invests $1.39 Million in Tesla, Inc. (NASDAQ:TSLA)

White Wing Wealth Management purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,784 shares of the electric vehicle producer's stock, valued at approximately $1,391,000. Tesla accounts for 1.3% of White Wing Wealth Management's portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Tesla in the 3rd quarter worth $25,000. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the 4th quarter worth $25,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Tesla in the 3rd quarter worth $27,000. Halpern Financial Inc. boosted its position in shares of Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 54 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last ninety days. Insiders own 20.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TSLA shares. Oppenheimer reissued a "market perform" rating on shares of Tesla in a research report on Tuesday, April 2nd. China Renaissance started coverage on Tesla in a research report on Monday, February 26th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Tesla from $200.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Daiwa Capital Markets cut Tesla from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, Mizuho reaffirmed a "neutral" rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and an average price target of $201.63.

Tesla Price Performance

NASDAQ:TSLA traded up $8.08 during trading hours on Monday, hitting $172.98. 104,278,438 shares of the stock were exchanged, compared to its average volume of 103,218,531. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29. The firm's fifty day moving average price is $183.06 and its 200 day moving average price is $216.28. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company has a market cap of $550.90 billion, a P/E ratio of 40.13, a P/E/G ratio of 3.17 and a beta of 2.40.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Tesla's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.33 EPS for the current fiscal year.

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.