MSH Capital Advisors LLC Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

MSH Capital Advisors LLC bought a new position in shares of 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 2,248 shares of the electric vehicle producer's stock, valued at approximately $908,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. grew its position in shares of 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 purchasing an additional 34 shares during the period. GS Investments Inc. increased its stake in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the 4th quarter worth approximately $38,000. Delos Wealth Advisors LLC increased its stake in shares of Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after acquiring an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC bought a new stake in Tesla during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSLA. Royal Bank of Canada dropped their price objective on Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Glj Research restated a "buy" rating on shares of Tesla in a research report on Tuesday, March 11th. Finally, Bank of America dropped their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $292.18.

Insider Activity

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock valued at $123,791,123 in the last 90 days. Insiders own 20.70% of the company's stock.

Tesla Stock Down 0.2 %

Shares of Tesla stock traded down $0.39 during trading hours on Friday, reaching $241.17. The company's stock had a trading volume of 83,173,157 shares, compared to its average volume of 95,997,504. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock's fifty day simple moving average is $275.67 and its two-hundred day simple moving average is $322.33. The company has a market capitalization of $775.71 billion, a P/E ratio of 118.22, a P/E/G ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

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 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, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

About Tesla

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.