Tradition Wealth Management LLC Acquires 1,328 Shares of Tesla, Inc. (NASDAQ:TSLA)

Tradition Wealth Management LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,818 shares of the electric vehicle producer's stock after acquiring an additional 1,328 shares during the quarter. Tradition Wealth Management LLC's holdings in Tesla were worth $3,561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Hengehold Capital Management LLC increased its holdings in Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI boosted its position in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares during the last quarter. Acropolis Investment Management LLC grew its holdings in Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after buying an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD raised its position in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after buying an additional 25 shares during the last quarter. Finally, Vista Finance LLC lifted its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TSLA shares. Benchmark reiterated a "buy" rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday. Morgan Stanley reiterated a "buy" rating on shares of Tesla in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday. Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a research report on Thursday. Finally, BNP Paribas set a $137.00 price objective on Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $286.85.

Tesla Trading Up 2.6 %

NASDAQ TSLA traded up $6.57 during trading on Thursday, hitting $257.31. 66,925,493 shares of the company's stock traded hands, compared to its average volume of 96,092,536. The stock has a fifty day moving average of $267.29 and a two-hundred day moving average of $322.05. Tesla, Inc. has a 12-month low of $157.51 and a 12-month high of $488.54. The firm has a market cap of $827.63 billion, a P/E ratio of 125.62, a PEG ratio of 5.86 and a beta of 2.58. 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 posted its quarterly earnings results 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated Monday, March 10th. The shares were 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. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. 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 in the last 90 days. Company 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.