Ameliora Wealth Management Ltd. Acquires 123 Shares of Tesla, Inc. (NASDAQ:TSLA)

Ameliora Wealth Management Ltd. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 768 shares of the electric vehicle producer’s stock after acquiring an additional 123 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Tesla were worth $199,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC lifted its position in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted 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 worth $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. lifted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the fourth quarter worth about $38,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,564 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $285.71, for a total transaction of $732,560.44. Following the transaction, the chief financial officer now directly owns 5,924 shares of the company’s stock, valued at $1,692,546.04. This represents a 30.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia bought 4,000 shares of Tesla stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the transaction, the director now directly owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 818,509 shares of company stock valued at $273,791,775. Corporate insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. The Goldman Sachs Group decreased their target price on Tesla from $295.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Tesla from $420.00 to $345.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Glj Research reaffirmed a “sell” rating and issued a $19.05 price objective (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, Argus reaffirmed a “hold” rating on shares of Tesla in a research note on Monday. Ten investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $293.67.

Tesla Trading Up 4.6%

TSLA opened at $308.58 on Tuesday. The firm has a market cap of $993.92 billion, a price-to-earnings ratio of 151.27, a PEG ratio of 5.86 and a beta of 2.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The stock has a fifty day moving average price of $292.68 and a 200-day moving average price of $333.20.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.