921 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Campbell Wealth Management

Campbell Wealth Management bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 921 shares of the electric vehicle producer’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Swedbank AB grew its position in Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after acquiring an additional 29,669 shares in the last quarter. New Century Financial Group LLC purchased a new position in Tesla in the third quarter worth $329,000. Vest Financial LLC grew its position in Tesla by 202.1% in the third quarter. Vest Financial LLC now owns 10,286 shares of the electric vehicle producer’s stock worth $2,691,000 after acquiring an additional 6,881 shares in the last quarter. ACT Advisors LLC. purchased a new stake in Tesla during the third quarter valued at about $255,000. Finally, Calton & Associates Inc. boosted its position in Tesla by 2,144.2% during the third quarter. Calton & Associates Inc. now owns 32,069 shares of the electric vehicle producer’s stock valued at $8,390,000 after buying an additional 30,640 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of TSLA opened at $355.84 on Tuesday. The stock has a market cap of $1.14 trillion, a PE ratio of 174.43, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm’s 50-day simple moving average is $406.31 and its two-hundred day simple moving average is $308.78.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. Mizuho restated an “outperform” rating and set a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. Robert W. Baird cut their price target on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Evercore ISI upped their price target on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. Guggenheim restated a “sell” rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $326.50.

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.