Trinity Wealth Management LLC Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

Trinity Wealth Management LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 756 shares of the electric vehicle producer's stock, valued at approximately $305,000.

Several other institutional investors also recently bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the 3rd quarter worth $29,000. Clean Yield Group boosted its position in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter worth $35,000. Finley Financial LLC purchased a new stake in shares of Tesla during the 4th quarter worth $64,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock worth $56,000 after purchasing an additional 187 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Morgan Stanley boosted their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Guggenheim reiterated a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned 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 a consensus price target of $322.29.

Tesla Stock 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 capitalization of $1.16 trillion, a PE ratio of 177.27, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm has a 50-day moving average of $408.27 and a 200-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 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 return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 664,776 shares of company stock worth $239,746,862. 20.70% of the stock is currently owned by insiders.

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.