VCI Wealth Management LLC Invests $218,000 in Tesla, Inc. (NASDAQ:TSLA)

VCI Wealth Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 876 shares of the electric vehicle producer’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also modified their holdings of TSLA. Wyrmwood Management LLC acquired a new position in shares of Tesla during the 4th quarter worth about $25,000. Lam Group Inc. bought a new position in Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC lifted its stake in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV lifted its stake in shares of Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. raised its stake in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Royal Bank of Canada reduced their price target on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company cut their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Wednesday. Finally, Guggenheim reissued a “sell” rating and issued a $122.00 price target on shares of Tesla in a research report on Tuesday. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $186.70.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.1 %

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

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

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.