2,300 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,300 shares of the electric vehicle producer's stock, valued at approximately $929,000. Tesla comprises approximately 0.7% of Broadway Wealth Solutions Inc.'s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Horrell Capital Management Inc. lifted its stake in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. grew its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 4th quarter valued at $38,000. Cyrus J. Lawrence LLC purchased a new stake in Tesla during the 4th quarter worth about $44,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla in the 4th quarter worth about $46,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 over the last 90 days. Company insiders own 20.70% of the company's stock.

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Tesla Stock Performance

Tesla stock traded down $11.33 during midday trading on Monday, hitting $252.22. The stock had a trading volume of 69,040,877 shares, compared to its average volume of 95,730,438. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a market capitalization of $811.26 billion, a PE ratio of 123.82, a P/E/G ratio of 5.86 and a beta of 2.50. The firm's fifty day moving average is $321.33 and its two-hundred day moving average is $323.01. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSLA shares. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Mizuho dropped their target price on shares of Tesla from $515.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a report on Monday, January 6th. Glj Research reaffirmed a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Finally, Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $317.75.

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.