Van Cleef Asset Management Inc Takes $1.28 Million Position in Tesla, Inc. $TSLA

Van Cleef Asset Management Inc purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,836 shares of the electric vehicle producer’s stock, valued at approximately $1,275,000.

Other large investors have also recently added to or reduced their stakes in the company. Networth Advisors LLC acquired a new position in Tesla in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new position in Tesla in the 2nd quarter valued at approximately $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Prism Advisors Inc. acquired a new position in Tesla in the 4th quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Tesla in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $426.01 on Monday. The company’s fifty day moving average is $387.76 and its 200-day moving average is $416.55. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business posted $0.27 EPS. Tesla’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. Wells Fargo & Company dropped their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Roth Mkm reiterated a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $395.20.

Get Our Latest Stock Analysis on TSLA

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 83,213 shares of company stock worth $32,201,105. 19.90% of the stock is currently owned by company insiders.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.