Crescent Grove Advisors LLC Purchases 612 Shares of Tesla, Inc. (NASDAQ:TSLA)

Crescent Grove Advisors LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,948 shares of the electric vehicle producer’s stock after purchasing an additional 612 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Tesla were worth $2,720,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSLA. Contravisory Investment Management Inc. bought a new position in Tesla during the third quarter worth about $25,000. Wyrmwood Management LLC bought a new position in Tesla during the fourth quarter worth about $25,000. Lam Group Inc. bought a new position in Tesla during the fourth quarter worth about $25,000. Halpern Financial Inc. increased its position in Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 100 shares during the period. Finally, Alpha Paradigm Partners LLC acquired a new stake in Tesla during the third quarter worth about $27,000. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $200.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Canaccord Genuity Group reduced their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, April 2nd. Truist Financial reduced their price target on shares of Tesla from $193.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday, April 3rd. Finally, Barclays reduced their price target on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $198.81.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $9.57 during midday trading on Monday, reaching $161.48. The company had a trading volume of 99,833,259 shares, compared to its average volume of 102,256,148. The company’s 50 day moving average price is $181.83 and its 200 day moving average price is $214.30. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market cap of $514.28 billion, a P/E ratio of 38.39, a P/E/G ratio of 4.50 and a beta of 2.40. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly 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). The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Company insiders own 20.90% of the company’s stock.

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.