OMNI 360 Wealth Inc. Purchases 93 Shares of Tesla, Inc. (NASDAQ:TSLA)

OMNI 360 Wealth Inc. boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the first quarter, HoldingsChannel reports. The fund owned 2,622 shares of the electric vehicle producer’s stock after buying an additional 93 shares during the quarter. OMNI 360 Wealth Inc.’s holdings in Tesla were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. bought a new stake in shares of Tesla during the fourth quarter valued at about $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter valued at about $37,000. Finally, Guardian Wealth Management Inc. bought a new stake in shares of Tesla during the fourth quarter valued at about $47,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

Tesla Trading Up 6.5 %

Shares of Tesla stock traded up $15.13 during midday trading on Wednesday, reaching $246.39. 166,561,422 shares of the company’s stock traded hands, compared to its average volume of 97,073,484. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market cap of $785.79 billion, a PE ratio of 62.85, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. The stock has a 50 day moving average of $180.89 and a 200-day moving average of $190.93. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, equities analysts expect that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSLA shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Tesla in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Mizuho decreased their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, UBS Group decreased their price objective on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $189.47.

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.