Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 20.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,577 shares of the electric vehicle producer’s stock after acquiring an additional 266 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Tesla were worth $392,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC increased its holdings in Tesla by 202.2% in the fourth 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. Kathleen S. Wright Associates Inc. increased its stake in shares of Tesla by 111.1% in the 4th 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. Finally, Cordant Inc. purchased a new position in Tesla during the third quarter worth approximately $53,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $3.25 on Wednesday, reaching $180.03. The company’s stock had a trading volume of 26,399,552 shares, compared to its average volume of 104,372,000. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The stock’s 50-day moving average is $174.71 and its two-hundred day moving average is $206.29. The stock has a market capitalization of $574.15 billion, a P/E ratio of 46.76, a PEG ratio of 5.28 and a beta of 2.39.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’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 transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TSLA shares. TD Cowen cut their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. China Renaissance initiated coverage on shares of Tesla in a research report on Monday, February 26th. They issued a “hold” rating for the company. Redburn Atlantic began coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price on the stock. Finally, Citigroup upped their price target on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.32.

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.