Eudaimonia Advisors LLC Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Eudaimonia Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 22.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,611 shares of the electric vehicle producer’s stock after buying an additional 295 shares during the period. Eudaimonia Advisors LLC’s holdings in Tesla were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in Tesla by 2.2% in the third quarter. Wedge Capital Management L L P NC now owns 3,078 shares of the electric vehicle producer’s stock worth $770,000 after purchasing an additional 66 shares during the period. Naples Global Advisors LLC grew its holdings in Tesla by 2.8% in the third quarter. Naples Global Advisors LLC now owns 2,603 shares of the electric vehicle producer’s stock worth $651,000 after purchasing an additional 70 shares during the period. Legacy Trust grew its holdings in Tesla by 7.3% in the third quarter. Legacy Trust now owns 971 shares of the electric vehicle producer’s stock worth $243,000 after purchasing an additional 66 shares during the period. Traynor Capital Management Inc. grew its holdings in Tesla by 8.4% in the third quarter. Traynor Capital Management Inc. now owns 56,805 shares of the electric vehicle producer’s stock worth $14,214,000 after purchasing an additional 4,404 shares during the period. Finally, Essex LLC grew its holdings in Tesla by 199.0% in the third quarter. Essex LLC now owns 2,479 shares of the electric vehicle producer’s stock worth $620,000 after purchasing an additional 1,650 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA traded up $2.63 during trading on Tuesday, hitting $144.68. 119,642,343 shares of the company traded hands, compared to its average volume of 101,872,688. The company has a market cap of $460.78 billion, a PE ratio of 33.81, a P/E/G ratio of 3.89 and a beta of 2.40. The stock’s 50-day simple moving average is $177.59 and its two-hundred day simple moving average is $210.05. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

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 the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSLA. Wells Fargo & Company dropped their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, April 12th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Friday. HSBC lowered their price objective on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 3rd. Finally, Canaccord Genuity Group lowered their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $194.33.

Insider Buying and Selling 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 shares were sold at an average price of $204.17, for a total value 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 approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction 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. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last 90 days. 20.90% of the stock is owned by 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.