Wealthcare Capital Management LLC Acquires 234 Shares of Tesla, Inc. (NASDAQ:TSLA)

Wealthcare Capital Management LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 14.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,860 shares of the electric vehicle producer’s stock after acquiring an additional 234 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Tesla were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its position in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. grew its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. grew its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC purchased a new stake in Tesla during the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla during the 4th quarter valued at about $38,000. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the sale, the director now owns 855,394 shares in the company, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia purchased 4,000 shares of Tesla stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the transaction, the director now directly owns 4,111 shares of the company’s stock, valued at $1,053,690.41. The trade was a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 818,509 shares of company stock worth $273,791,775 over the last quarter. Insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. Wedbush set a $500.00 price objective on shares of Tesla in a research report on Thursday, June 5th. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, April 24th. Glj Research reaffirmed a “sell” rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an “underperform” rating in a report on Wednesday, April 16th. Finally, Argus reaffirmed a “hold” rating on shares of Tesla in a report on Monday. Ten investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $293.67.

Tesla Trading Up 4.6%

Tesla stock opened at $308.58 on Tuesday. The stock has a market cap of $993.92 billion, a P/E ratio of 151.27, a PEG ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The firm’s 50 day moving average price is $292.68 and its 200-day moving average price is $333.20.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla 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.