Bouchey Financial Group Ltd Acquires 87 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bouchey Financial Group Ltd increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,633 shares of the electric vehicle producer’s stock after acquiring an additional 87 shares during the period. Bouchey Financial Group Ltd’s holdings in Tesla were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TSLA. Axiom Financial Strategies LLC boosted its position in shares of Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after buying an additional 164,789 shares in the last quarter. MAS Advisors LLC boosted its position in Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after buying an additional 81 shares in the last quarter. Ergoteles LLC boosted its position in Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after buying an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after buying an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 1.6 %

NASDAQ TSLA traded up $2.82 during midday trading on Wednesday, hitting $180.49. 66,588,345 shares of the company traded hands, compared to its average volume of 102,812,117. The company has a market cap of $574.82 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 3.90 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The company’s 50-day simple moving average is $189.34 and its 200-day simple moving average is $222.86.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share 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 return on equity of 16.62% and a net margin of 15.50%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSLA. Royal Bank of Canada reiterated an “outperform” rating and set a $298.00 price target on shares of Tesla in a report on Wednesday. TD Cowen cut their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Wedbush reiterated an “outperform” rating and set a $315.00 price target on shares of Tesla in a report on Wednesday, March 13th. Robert W. Baird reiterated an “outperform” rating and set a $300.00 price target on shares of Tesla in a report on Thursday, January 25th. Finally, Guggenheim lifted their price target on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a report on Friday, December 15th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $207.04.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla 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 transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The shares were 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 owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock worth $36,952,434 over the last three months. 20.90% of the stock is currently owned by insiders.

Tesla 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.