Fountainhead AM LLC Acquires 866 Shares of Tesla, Inc. (NASDAQ:TSLA)

Fountainhead AM LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,934 shares of the electric vehicle producer’s stock after purchasing an additional 866 shares during the period. Tesla comprises approximately 1.0% of Fountainhead AM LLC’s holdings, making the stock its 21st biggest position. Fountainhead AM LLC’s holdings in Tesla were worth $3,711,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLA. Wyrmwood Management LLC purchased a new stake in Tesla during the 4th quarter valued at approximately $25,000. Lam Group Inc. purchased a new stake in Tesla during the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC grew its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV grew its holdings in Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. grew its holdings in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock traded up $2.63 on Tuesday, reaching $144.68. 119,642,343 shares of the stock were exchanged, compared to its average volume of 101,872,688. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market capitalization of $460.78 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.89 and a beta of 2.40. The business has a 50 day moving average price of $176.81 and a two-hundred day moving average price of $209.24.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’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 transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSLA. Jefferies Financial Group cut their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. KGI Securities restated a “neutral” rating and issued a $213.00 price target (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Wednesday, April 17th. Citigroup lowered their price target on Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Finally, Guggenheim restated 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, fifteen have assigned a hold rating and seven have given 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 $194.33.

About Tesla

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.