MOKAN Wealth Management Inc. Acquires 91 Shares of Tesla, Inc. (NASDAQ:TSLA)

MOKAN Wealth Management Inc. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,636 shares of the electric vehicle producer’s stock after purchasing an additional 91 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in Tesla were worth $424,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Tesla during the fourth quarter worth approximately $56,600,000. Means Investment CO. Inc. increased its holdings in shares of Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after purchasing an additional 6,323 shares during the period. Focus Financial Network Inc. increased its holdings in shares of Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after purchasing an additional 670 shares during the period. Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock worth $1,150,000 after purchasing an additional 1,629 shares during the period. Finally, Harvard Management Co. Inc. bought a new position in shares of Tesla during the fourth quarter worth approximately $8,158,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now directly owns 67,600 shares of the company’s stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock valued at $278,648,925 over the last quarter. Insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $327.55 on Thursday. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The firm has a fifty day simple moving average of $311.59 and a 200 day simple moving average of $331.45. The company has a market capitalization of $1.06 trillion, a PE ratio of 179.97, a P/E/G ratio of 12.73 and a beta of 2.47. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business earned $0.45 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Guggenheim reiterated a “sell” rating and set a $175.00 price target on shares of Tesla in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Friday, June 20th. TD Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Robert W. Baird reiterated a “neutral” rating and set a $320.00 price target on shares of Tesla in a research report on Monday, June 9th. Finally, Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $294.58.

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.