Hapanowicz & Associates Financial Services Inc Buys 88 Shares of Tesla, Inc. (NASDAQ:TSLA)

Hapanowicz & Associates Financial Services Inc boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 905 shares of the electric vehicle producer’s stock after buying an additional 88 shares during the quarter. Tesla accounts for 0.1% of Hapanowicz & Associates Financial Services Inc’s investment portfolio, making the stock its 27th biggest position. Hapanowicz & Associates Financial Services Inc’s holdings in Tesla were worth $225,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Wyrmwood Management LLC bought a new stake in Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new stake in Tesla in the fourth quarter valued at approximately $25,000. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the third quarter worth approximately $27,000. MayTech Global Investments LLC bought a new position in shares of Tesla during the fourth quarter worth approximately $30,000. Finally, Perkins Coie Trust Co increased its stake in shares of Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 54 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla 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 completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 in the last three months. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $5.52 during mid-day trading on Thursday, hitting $149.93. 95,522,509 shares of the stock traded hands, compared to its average volume of 101,837,430. The company has a market cap of $477.50 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a twelve month low of $148.70 and a twelve month high of $299.29. The firm has a 50 day simple moving average of $180.24 and a two-hundred day simple moving average of $212.64.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) 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 the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent research reports. Redburn Atlantic initiated coverage on Tesla in a research note on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price on the stock. Canaccord Genuity Group lowered their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Mizuho reissued a “neutral” rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. China Renaissance initiated coverage on Tesla in a research report on Monday, February 26th. They set a “hold” rating on the stock. Finally, Robert W. Baird reissued an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Wednesday. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $194.70.

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.