Argonautica Private Wealth Management Inc. Buys 63 Shares of Tesla, Inc. (NASDAQ:TSLA)

Argonautica Private Wealth Management Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,784 shares of the electric vehicle producer’s stock after purchasing an additional 63 shares during the period. Tesla accounts for about 1.1% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Argonautica Private Wealth Management Inc.’s holdings in Tesla were worth $2,680,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC purchased a new position in shares of Tesla in the fourth quarter valued at about $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the fourth quarter valued at about $25,000. Mendota Financial Group LLC lifted its position in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV lifted its position in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.1 %

Shares of TSLA traded down $1.89 during midday trading on Friday, hitting $168.29. 109,309,500 shares of the company’s stock traded hands, compared to its average volume of 100,050,800. The stock has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $175.04 and its 200-day moving average is $208.00. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $1.07 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSLA shares. JPMorgan Chase & Co. decreased their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Mizuho decreased their target price on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research report on Monday, April 22nd. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Wednesday. Finally, Royal Bank of Canada decreased their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $186.70.

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.