Heck Capital Advisors LLC Purchases New Position in Tesla, Inc. (NASDAQ:TSLA)

Heck Capital Advisors LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,602 shares of the electric vehicle producer's stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. World Investment Advisors LLC increased its position in Tesla by 1,248.9% during the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after buying an additional 184,459 shares during the last quarter. Destination Wealth Management grew its position in shares of Tesla by 12.1% in the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Vinva Investment Management Ltd grew its position in shares of Tesla by 59.2% in the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after purchasing an additional 43,685 shares during the last quarter. MML Investors Services LLC grew its position in shares of Tesla by 3.3% in the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after purchasing an additional 9,919 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Tesla by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after purchasing an additional 1,741 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TSLA shares. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research report on Thursday, October 24th. Truist Financial boosted their price target on Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Canaccord Genuity Group boosted their price target on Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Bank of America cut Tesla from a "buy" rating to a "neutral" rating and boosted their price target for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Mizuho reiterated an "outperform" rating and issued a $515.00 price target on shares of Tesla in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve 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, Tesla presently has a consensus rating of "Hold" and an average target price of $322.29.

Tesla Trading Down 3.4 %

NASDAQ TSLA traded down $12.70 on Friday, reaching $361.62. The company had a trading volume of 69,251,467 shares, compared to its average volume of 67,880,264. The firm has a market cap of $1.16 trillion, a price-to-earnings ratio of 177.27, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business has a 50 day moving average of $408.27 and a two-hundred day moving average of $303.53. 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 (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts forecast that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 664,776 shares of company stock worth $239,746,862 over the last three months. Company 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.