Monument Capital Management Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Monument Capital Management lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057 shares of the electric vehicle producer’s stock after purchasing an additional 112 shares during the period. Monument Capital Management’s holdings in Tesla were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Wedge Capital Management L L P NC increased its stake in shares of Tesla by 2.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,078 shares of the electric vehicle producer’s stock worth $770,000 after purchasing an additional 66 shares in the last quarter. Naples Global Advisors LLC increased its stake in Tesla by 2.8% in the 3rd quarter. Naples Global Advisors LLC now owns 2,603 shares of the electric vehicle producer’s stock worth $651,000 after buying an additional 70 shares in the last quarter. Legacy Trust increased its stake in Tesla by 7.3% in the 3rd quarter. Legacy Trust now owns 971 shares of the electric vehicle producer’s stock worth $243,000 after buying an additional 66 shares in the last quarter. Traynor Capital Management Inc. increased its stake in Tesla by 8.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 56,805 shares of the electric vehicle producer’s stock worth $14,214,000 after buying an additional 4,404 shares in the last quarter. Finally, Essex LLC increased its stake in Tesla by 199.0% in the 3rd quarter. Essex LLC now owns 2,479 shares of the electric vehicle producer’s stock worth $620,000 after buying an additional 1,650 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last ninety days. 20.90% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $142.05 on Tuesday. The firm has a market cap of $452.40 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 3.89 and a beta of 2.40. The company’s 50 day moving average is $177.59 and its 200 day moving average is $210.05. 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 52-week low of $138.80 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSLA. Mizuho restated a “neutral” rating and set a $195.00 price objective (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. Truist Financial cut their price objective on Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. Barclays cut their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Edward Jones downgraded shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $194.70.

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.