Monument Capital Management Takes $343,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Monument Capital Management acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 849 shares of the electric vehicle producer's stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in shares of Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. bought a new position in shares of Tesla in the 3rd quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla in the 4th quarter valued at $46,000. PayPay Securities Corp increased its stake in shares of Tesla by 130.2% in the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock valued at $49,000 after purchasing an additional 69 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 4.7 %

NASDAQ:TSLA traded down $16.60 on Friday, hitting $337.80. The stock had a trading volume of 73,720,762 shares, compared to its average volume of 75,434,742. The business's fifty day moving average is $402.14 and its 200 day moving average is $311.43. The company has a market cap of $1.09 trillion, a PE ratio of 165.59, a P/E/G ratio of 5.97 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results 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%. On average, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Benchmark assumed coverage on Tesla in a research note on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price target on the stock. Bank of America lowered Tesla from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Piper Sandler boosted their price objective on Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus reduced their price objective on Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $326.50.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $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 have sold 523,386 shares of company stock worth $195,995,200 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Tesla Company 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.