2,288 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by AJOVista LLC

AJOVista LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,288 shares of the electric vehicle producer’s stock, valued at approximately $569,000. Tesla accounts for approximately 0.7% of AJOVista LLC’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the 4th quarter valued at $25,000. Lam Group Inc. acquired a new stake in Tesla during the fourth quarter valued at $25,000. Mendota Financial Group LLC increased its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its stake in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Cordant Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TSLA shares. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Wednesday, April 24th. Wedbush reiterated an “outperform” rating and issued a $275.00 price objective on shares of Tesla in a report on Monday, April 29th. Evercore ISI lowered their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft upped their price target on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Finally, Guggenheim restated a “sell” rating and issued a $122.00 target price on shares of Tesla in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $185.90.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $1.18 during mid-day trading on Friday, hitting $181.19. 75,491,539 shares of the stock were exchanged, compared to its average volume of 112,969,304. The company has a market cap of $577.85 billion, a P/E ratio of 46.22, a PEG ratio of 4.74 and a beta of 2.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The stock’s fifty day simple moving average is $173.85 and its two-hundred day simple moving average is $205.42.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

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.