Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Cooper Financial Group

Cooper Financial Group increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,274 shares of the electric vehicle producer’s stock after acquiring an additional 619 shares during the quarter. Tesla comprises approximately 1.7% of Cooper Financial Group’s portfolio, making the stock its 13th largest holding. Cooper Financial Group’s holdings in Tesla were worth $10,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in shares of Tesla in the 4th quarter worth about $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC raised its position 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 worth $34,000 after purchasing an additional 91 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla during the fourth quarter valued at $37,000. Finally, Guardian Wealth Management Inc. bought a new stake in Tesla in the fourth quarter worth approximately $47,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 0.8 %

Shares of TSLA traded up $1.44 during trading hours on Friday, reaching $183.01. The stock had a trading volume of 63,029,482 shares, compared to its average volume of 63,980,940. The company has a market cap of $583.66 billion, a P/E ratio of 46.69, a P/E/G ratio of 4.50 and a beta of 2.32. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $173.99 and a 200 day moving average of $193.40. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. On average, sell-side analysts expect that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,855 shares of company stock worth $19,285,643. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. Roth Mkm restated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. Barclays lowered their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Guggenheim reaffirmed a “sell” rating and issued a $122.00 target price on shares of Tesla in a research report on Tuesday, April 23rd. Evercore ISI decreased their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. Finally, HSBC dropped their target price on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $183.62.

Read Our Latest Analysis on TSLA

About Tesla

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.