Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,803 shares of the electric vehicle producer's stock after buying an additional 6,157 shares during the period. Tesla accounts for 0.8% of Apollon Wealth Management LLC's holdings, making the stock its 24th biggest position. Apollon Wealth Management LLC's holdings in Tesla were worth $33,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter valued at $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Tesla by 692.6% during the third 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 in the last quarter. Finley Financial LLC purchased a new position in Tesla during the fourth quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer's stock valued at $80,000 after purchasing an additional 176 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $37,226,491.76. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Down 0.0 %

Shares of NASDAQ TSLA traded down $0.10 during midday trading on Friday, hitting $355.84. The company's stock had a trading volume of 68,000,576 shares, compared to its average volume of 67,880,264. The business's fifty day simple moving average is $406.31 and its two-hundred day simple moving average is $307.64. 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, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 174.43, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate 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 analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on TSLA. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Mizuho reaffirmed an "outperform" rating and set a $515.00 price objective on shares of Tesla in a report on Thursday, January 30th. Robert W. Baird reduced their target price on shares of Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. UBS Group increased their target price on shares of Tesla from $226.00 to $259.00 and gave the company a "sell" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group increased their target price on shares of Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $326.50.

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.