Yarger Wealth Strategies LLC Invests $200,000 in Tesla, Inc. (NASDAQ:TSLA)

Yarger Wealth Strategies LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 805 shares of the electric vehicle producer’s stock, valued at approximately $200,000.

Several other large investors have also recently modified their holdings of the stock. MidWestOne Financial Group Inc. increased its position in shares of Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares during the period. City State Bank increased its position in shares of Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after acquiring an additional 40 shares during the period. Marcum Wealth LLC increased its position in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after acquiring an additional 41 shares during the period. Linscomb & Williams Inc. increased its position in shares of Tesla by 3.5% during the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after acquiring an additional 42 shares during the period. Finally, Investors Research Corp increased its position in shares of Tesla by 5.5% during the second quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock worth $36,952,434 in the last 90 days. Insiders own 25.10% of the company’s stock.

Tesla Trading Down 2.2 %

Shares of Tesla stock opened at $175.79 on Friday. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a fifty day moving average price of $187.78 and a 200 day moving average price of $222.06. The stock has a market cap of $559.85 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 4.06 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. Equities research analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

TSLA has been the topic of several research reports. TD Cowen cut their price objective 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. Morgan Stanley reissued an “overweight” rating and set a $320.00 price objective on shares of Tesla in a report on Wednesday. Citigroup cut their price objective on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group cut their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Finally, China Renaissance initiated coverage on shares of Tesla in a report on Monday, February 26th. They set a “hold” rating on the stock. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $204.63.

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.