Victrix Investment Advisors Makes New $428,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Victrix Investment Advisors purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,060 shares of the electric vehicle producer’s stock, valued at approximately $428,000.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. grew its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in shares of Tesla during the fourth quarter worth $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the 4th quarter valued at $38,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 412,623 shares of company stock worth $115,600,501. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSLA shares. Piper Sandler set a $400.00 target price on Tesla in a research note on Tuesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a report on Tuesday, April 22nd. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an “underperform” rating in a report on Wednesday, April 16th. Mizuho lifted their target price on shares of Tesla from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Oppenheimer reissued a “mixed” rating on shares of Tesla in a research report on Tuesday, March 18th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $289.43.

Tesla Stock Up 2.1%

TSLA opened at $349.98 on Monday. The company has a market cap of $1.13 trillion, a PE ratio of 171.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company has a 50-day moving average price of $267.35 and a 200 day moving average price of $330.65. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results 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 net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company earned $0.45 EPS. Sell-side 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.