Motley Fool Wealth Management LLC Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Motley Fool Wealth Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,101 shares of the electric vehicle producer’s stock after purchasing an additional 186 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tesla were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Private Wealth Partners LLC increased its stake in shares of Tesla by 57.8% in the 4th quarter. Private Wealth Partners LLC now owns 10,967 shares of the electric vehicle producer’s stock worth $2,725,000 after acquiring an additional 4,017 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of Tesla by 1.3% in the 4th quarter. Valmark Advisers Inc. now owns 10,652 shares of the electric vehicle producer’s stock worth $2,647,000 after acquiring an additional 135 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Tesla by 24.8% in the 4th quarter. Addison Advisors LLC now owns 649 shares of the electric vehicle producer’s stock worth $161,000 after acquiring an additional 129 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Tesla in the 4th quarter worth $208,000. Finally, Delta Investment Management LLC increased its stake in shares of Tesla by 15.7% in the 4th quarter. Delta Investment Management LLC now owns 8,186 shares of the electric vehicle producer’s stock worth $2,034,000 after acquiring an additional 1,111 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSLA shares. Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research report on Wednesday. The Goldman Sachs Group cut their price objective on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Guggenheim restated a “sell” rating and set a $122.00 target price on shares of Tesla in a report on Tuesday. Edward Jones cut Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Barclays lowered their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $186.70.

Tesla Trading Down 1.1 %

NASDAQ:TSLA traded down $1.89 on Friday, hitting $168.29. 109,309,500 shares of the stock were exchanged, compared to its average volume of 100,050,800. The stock has a market cap of $536.71 billion, a PE ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39. 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 stock has a fifty day moving average of $175.04 and a 200-day moving average of $208.00. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29.

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

Insider Activity at Tesla

In related news, 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 completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on 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 directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. Insiders own 25.10% of the company’s stock.

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.