1,078 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Bullseye Investment Management LLC

Bullseye Investment Management LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,078 shares of the electric vehicle producer's stock, valued at approximately $409,000.

Other large investors also recently bought and sold shares of the company. Horrell Capital Management Inc. raised its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. increased its position in shares of Tesla by 193.3% in the 4th 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 during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the 4th quarter valued at $38,000. Cyrus J. Lawrence LLC acquired a new position in shares of Tesla during the fourth quarter worth $44,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Tesla stock traded down $4.39 during mid-day trading on Monday, reaching $259.16. The company had a trading volume of 133,362,829 shares, compared to its average volume of 93,380,718. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market capitalization of $833.59 billion, a P/E ratio of 127.04, a P/E/G ratio of 5.86 and a beta of 2.50. The stock's 50-day simple moving average is $321.33 and its 200-day simple moving average is $323.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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%. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSLA shares. Guggenheim lowered their price objective on Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Monday, February 10th. Glj Research reiterated a "buy" rating on shares of Tesla in a research note on Tuesday, March 11th. Finally, Robert W. Baird decreased their price objective on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $317.75.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $41,163,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 over the last quarter. Corporate insiders own 20.70% of the company's stock.

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.