Hoge Financial Services LLC Makes New $264,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Hoge Financial Services LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 654 shares of the electric vehicle producer’s stock, valued at approximately $264,000.

A number of other hedge funds also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in shares of Tesla during the 3rd quarter worth $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the fourth quarter worth about $46,000. PayPay Securities Corp increased its stake in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Tesla in the third quarter valued at approximately $35,000. Finally, Finley Financial LLC purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $64,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at $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 valued at $195,995,200 in the last quarter. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent research reports. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research note on Wednesday, February 12th. StockNews.com cut Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 price objective on shares of Tesla in a report on Wednesday, January 29th. UBS Group lifted their target price on Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a report on Thursday, January 30th. Finally, Evercore ISI increased their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $326.50.

Tesla Trading Down 1.7 %

Shares of TSLA stock opened at $354.40 on Friday. The business has a 50-day moving average of $402.14 and a 200 day moving average of $311.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a market capitalization of $1.14 trillion, a PE ratio of 173.73, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.