EPG Wealth Management LLC Has $1.16 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

EPG Wealth Management LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,862 shares of the electric vehicle producer’s stock after acquiring an additional 149 shares during the period. EPG Wealth Management LLC’s holdings in Tesla were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. grew its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC bought a new position in shares of Tesla in the 4th quarter worth about $37,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 4th quarter valued at about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Tesla during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research analyst reports. Mizuho lowered their target price on Tesla from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Bank of America dropped their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $350.00 price objective on shares of Tesla in a research report on Thursday, May 1st. Finally, UBS Group decreased their target price on Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a research report on Thursday, April 10th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $287.46.

Tesla Price Performance

TSLA opened at $275.35 on Wednesday. The firm has a market cap of $886.89 billion, a P/E ratio of 134.98, a PEG ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The firm has a 50-day moving average of $258.47 and a 200 day moving average of $325.98.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $284.40, for a total value of $1,137,600.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $7,664,580. This trade represents a 12.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,228 shares of company stock valued at $111,181,034 in the last 90 days. Insiders own 20.70% of the company’s stock.

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.