577 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, HoldingsChannel reports. The firm acquired 577 shares of the electric vehicle producer’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Quarry LP acquired a new position in Tesla in the second quarter worth approximately $48,000. Central Pacific Bank Trust Division grew its position in Tesla by 1,179.9% in the third quarter. Central Pacific Bank Trust Division now owns 4,339 shares of the electric vehicle producer’s stock worth $1,135,000 after acquiring an additional 4,000 shares in the last quarter. Czech National Bank increased its stake in shares of Tesla by 6.9% during the 3rd quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer’s stock worth $147,892,000 after purchasing an additional 36,544 shares during the last quarter. Curbstone Financial Management Corp bought a new position in shares of Tesla during the 3rd quarter valued at $470,000. Finally, Unique Wealth LLC lifted its stake in shares of Tesla by 4.1% in the 3rd quarter. Unique Wealth LLC now owns 2,111 shares of the electric vehicle producer’s stock valued at $552,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $404.60 on Friday. The stock has a 50-day simple moving average of $403.18 and a 200 day simple moving average of $297.99. The stock has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. On average, research analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. Mizuho restated an “outperform” rating and set a $515.00 target price on shares of Tesla in a report on Thursday. Cantor Fitzgerald restated a “neutral” rating and issued a $365.00 target price on shares of Tesla in a report on Wednesday. Barclays increased their price target on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Glj Research restated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research note on Friday, January 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $318.31.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock worth $196,305,796 over the last 90 days. 20.70% 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.