Visionary Horizons LLC Purchases Shares of 886 Tesla, Inc. (NASDAQ:TSLA)

Visionary Horizons LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 886 shares of the electric vehicle producer’s stock, valued at approximately $220,000.

A number of other large investors have also modified their holdings of TSLA. Axiom Financial Strategies LLC grew its position in Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after acquiring an additional 164,789 shares during the last quarter. MAS Advisors LLC boosted its stake in Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares in the last quarter. Ergoteles LLC boosted its stake in Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after acquiring an additional 4,593 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 1.1 %

TSLA stock traded up $1.75 during mid-day trading on Wednesday, hitting $168.38. 82,587,831 shares of the company were exchanged, compared to its average volume of 102,260,461. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The firm has a market cap of $536.26 billion, a P/E ratio of 38.95, a P/E/G ratio of 4.06 and a beta of 2.39. The firm’s 50 day simple moving average is $184.80 and its 200 day simple moving average is $218.91. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last released 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 net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Tesla, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company restated an “underweight” rating and issued a $125.00 price target on shares of Tesla in a research report on Monday. China Renaissance began coverage on Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. Jefferies Financial Group cut their price objective on Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, January 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $320.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $202.00.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’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 $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. 25.10% of the stock is currently 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.