Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Wick Capital Partners LLC

Wick Capital Partners LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 139.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,706 shares of the electric vehicle producer's stock after acquiring an additional 2,739 shares during the period. Wick Capital Partners LLC's holdings in Tesla were worth $1,900,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Horrell Capital Management Inc. grew its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. increased its stake in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Navigoe LLC acquired a new stake in Tesla in the 4th quarter valued at $37,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the fourth quarter worth about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Tesla during the 4th quarter valued at about $39,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Up 2.4 %

TSLA traded up $6.69 during trading on Friday, hitting $287.21. The company's stock had a trading volume of 113,968,586 shares, compared to its average volume of 95,780,628. The stock has a market cap of $925.09 billion, a PE ratio of 140.79, a PEG ratio of 5.86 and a beta of 2.58. The firm's 50 day moving average price is $259.13 and its 200-day moving average price is $324.00. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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 firm had revenue of $19.34 billion for 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 quarter in the previous year, the company earned $0.45 earnings per share. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent analyst reports. Glj Research restated a "sell" rating and set a $19.05 price objective (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. Truist Financial set a $280.00 target price on Tesla in a research note on Tuesday, April 22nd. Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Guggenheim restated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Finally, Canaccord Genuity Group decreased their target price on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $287.46.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $24,274,300. This represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 486,618 shares of company stock valued at $155,887,459. Insiders own 20.70% of the company's stock.

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.