Fielder Capital Group LLC Purchases Shares of 1,081 Tesla, Inc. (NASDAQ:TSLA)

Fielder Capital Group LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,081 shares of the electric vehicle producer’s stock, valued at approximately $269,000.

Other hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla during the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the period. Kathleen S. Wright Associates Inc. increased its stake in shares of Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Cordant Inc. acquired a new position in shares of Tesla during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 2.0 %

Shares of TSLA traded up $3.57 during mid-day trading on Monday, hitting $184.76. 84,172,375 shares of the company’s stock were exchanged, compared to its average volume of 104,452,320. The firm has a fifty day moving average of $173.56 and a two-hundred day moving average of $204.56. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The stock has a market cap of $589.24 billion, a price-to-earnings ratio of 47.13, a P/E/G ratio of 4.74 and a beta of 2.41. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSLA. TD Cowen reduced their target price 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. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Redburn Atlantic began coverage on shares of Tesla in a report on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price for the company. Canaccord Genuity Group reduced their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Roth Mkm restated a “neutral” rating and set a $85.00 target price on shares of Tesla in a report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $185.90.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction 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 directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were 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 owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is 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.