447 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 447 shares of the electric vehicle producer’s stock, valued at approximately $79,000.

Several other hedge funds also recently made changes to their positions in TSLA. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla in the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla during the fourth quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock worth $19,285,643 in the last ninety days. Insiders own 25.10% of the company’s stock.

Tesla Stock Up 4.8 %

Tesla stock opened at $196.37 on Thursday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The firm has a market capitalization of $626.26 billion, a price-to-earnings ratio of 50.09, a price-to-earnings-growth ratio of 4.65 and a beta of 2.32. The stock’s fifty day moving average is $175.02 and its two-hundred day moving average is $192.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Analysts predict that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TSLA shares. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Barclays lowered their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research note on Monday, April 22nd. New Street Research reiterated a “buy” rating and issued a $235.00 target price on shares of Tesla in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $275.00 target price on shares of Tesla in a report on Friday, June 14th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $187.30.

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.