10Elms LLP Takes $50,000 Position in Tesla, Inc. (NASDAQ:TSLA)

10Elms LLP acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 123 shares of the electric vehicle producer’s stock, valued at approximately $50,000.

A number of other large investors have also recently modified their holdings of TSLA. MidWestOne Financial Group Inc. lifted its holdings in shares of Tesla by 11.2% in the fourth quarter. MidWestOne Financial Group Inc. now owns 3,961 shares of the electric vehicle producer’s stock worth $1,600,000 after acquiring an additional 399 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Tesla by 12.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 563,378 shares of the electric vehicle producer’s stock valued at $227,515,000 after purchasing an additional 62,329 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in shares of Tesla by 24.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 28,980 shares of the electric vehicle producer’s stock worth $11,704,000 after buying an additional 5,644 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in shares of Tesla by 6.5% in the 4th quarter. First Heartland Consultants Inc. now owns 6,981 shares of the electric vehicle producer’s stock valued at $2,819,000 after acquiring an additional 423 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in shares of Tesla by 33.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 1,536 shares of the electric vehicle producer’s stock valued at $620,000 after acquiring an additional 386 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,395 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock worth $116,650,831 in the last ninety days. Company insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSLA. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Robert W. Baird cut their target price on Tesla from $370.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Guggenheim restated a “sell” rating and set a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Wedbush reiterated an “outperform” rating and issued a $350.00 target price on shares of Tesla in a report on Thursday, May 1st. Finally, Morgan Stanley restated a “buy” rating and set a $430.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Ten investment 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $289.43.

Tesla Trading Up 0.5%

Shares of TSLA stock opened at $343.82 on Wednesday. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The company has a 50-day simple moving average of $271.29 and a two-hundred day simple moving average of $331.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 168.54, a PEG ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA) last issued its quarterly 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). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Research analysts anticipate 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.