Monograph Wealth Advisors LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Monograph Wealth Advisors LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,408 shares of the electric vehicle producer’s stock after purchasing an additional 421 shares during the period. Monograph Wealth Advisors LLC’s holdings in Tesla were worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TSLA. True Wealth Design LLC lifted its position in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. lifted its holdings in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 4th quarter worth approximately $38,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now directly owns 85,000 shares in the company, valued at $25,466,850. This trade represents a 56.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now owns 23,084 shares in the company, valued at approximately $6,833,325.68. This trade represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock valued at $116,650,831 over the last quarter. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 0.5%

Shares of Tesla stock opened at $343.82 on Wednesday. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company’s fifty day simple moving average is $271.29 and its 200-day simple moving average is $331.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.11 trillion, a PE ratio of 168.54, a P/E/G ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday, April 22nd. Roth Mkm lowered their price target on Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Bank of America reduced their price objective on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $289.43.

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.