Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,891 shares of the electric vehicle producer's stock after purchasing an additional 915 shares during the period. Tesla accounts for about 0.9% of Quadcap Wealth Management LLC's investment portfolio, making the stock its 20th largest position. Quadcap Wealth Management LLC's holdings in Tesla were worth $6,417,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Group Ltd. purchased a new position in shares of Tesla during the 4th quarter worth about $275,000. RMR Wealth Builders lifted its holdings in shares of Tesla by 72.0% during the 4th quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer's stock worth $6,209,000 after acquiring an additional 6,439 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Tesla during the 4th quarter worth about $1,361,000. Marcum Wealth LLC lifted its holdings in shares of Tesla by 3.0% during the 4th quarter. Marcum Wealth LLC now owns 7,367 shares of the electric vehicle producer's stock worth $2,975,000 after acquiring an additional 213 shares during the period. Finally, TPG Financial Advisors LLC lifted its holdings in shares of Tesla by 92.0% during the 4th quarter. TPG Financial Advisors LLC now owns 1,864 shares of the electric vehicle producer's stock worth $753,000 after acquiring an additional 893 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $8,085,000. This trade represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 412,623 shares of company stock valued at $115,600,501 over the last 90 days. 20.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSLA. Barclays cut their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Cantor Fitzgerald cut their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Piper Sandler set a $400.00 price target on shares of Tesla in a report on Tuesday, May 6th. Finally, BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tesla has an average rating of "Hold" and a consensus price target of $289.43.

Tesla Stock Performance

Tesla stock traded up $7.16 during mid-day trading on Friday, reaching $349.98. The company's stock had a trading volume of 93,349,107 shares, compared to its average volume of 97,010,697. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.56, a PEG ratio of 5.86 and a beta of 2.43. The business has a 50 day moving average price of $267.35 and a 200-day moving average price of $329.59. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

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). The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts predict 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.