Jackson Hole Capital Partners LLC Purchases 83 Shares of Tesla, Inc. (NASDAQ:TSLA)

Jackson Hole Capital Partners LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 917 shares of the electric vehicle producer’s stock after buying an additional 83 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Tesla were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC lifted its position in Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after purchasing an additional 42 shares during the last quarter. Holderness Investments Co. lifted its position in Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares during the last quarter. SCS Capital Management LLC lifted its position in Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after purchasing an additional 45 shares during the last quarter. Finally, ML & R Wealth Management LLC lifted its position in Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TSLA shares. The Goldman Sachs Group decreased their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Wells Fargo & Company decreased their target price on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a report on Friday, April 12th. Edward Jones cut Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Wednesday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $186.70.

Tesla Stock Performance

TSLA stock traded down $1.89 during trading on Friday, reaching $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The stock’s 50 day moving average is $175.67 and its two-hundred day moving average is $208.64. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm has a market cap of $535.97 billion, a PE ratio of 43.44, a PEG ratio of 4.28 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last quarter. 25.10% of the stock is currently owned by company insiders.

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.