Financial Enhancement Group LLC Has $425,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Financial Enhancement Group LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,788 shares of the electric vehicle producer’s stock after acquiring an additional 121 shares during the quarter. Financial Enhancement Group LLC’s holdings in Tesla were worth $425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Advisors MI grew its position in shares of Tesla by 10.9% in the first quarter. Strategic Investment Advisors MI now owns 7,754 shares of the electric vehicle producer’s stock valued at $2,010,000 after purchasing an additional 764 shares during the last quarter. Econ Financial Services Corp grew its holdings in Tesla by 110.8% in the 1st quarter. Econ Financial Services Corp now owns 7,988 shares of the electric vehicle producer’s stock valued at $2,070,000 after buying an additional 4,198 shares in the last quarter. Symmetry Partners LLC grew its holdings in Tesla by 51.1% in the 1st quarter. Symmetry Partners LLC now owns 1,035 shares of the electric vehicle producer’s stock valued at $268,000 after buying an additional 350 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Tesla by 11.2% in the 1st quarter. International Assets Investment Management LLC now owns 46,670 shares of the electric vehicle producer’s stock valued at $12,095,000 after buying an additional 4,713 shares in the last quarter. Finally, Pacific Sage Partners LLC grew its stake in shares of Tesla by 15.5% in the first quarter. Pacific Sage Partners LLC now owns 7,895 shares of the electric vehicle producer’s stock valued at $2,046,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Roth Mkm reduced their price target on Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research report on Friday, June 20th. Mizuho increased their price target on Tesla from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Tesla in a report on Friday, June 20th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $294.58.

Tesla Stock Performance

Shares of Tesla stock opened at $327.55 on Thursday. The company’s fifty day moving average is $311.59 and its 200 day moving average is $331.45. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 179.97, a P/E/G ratio of 12.73 and a beta of 2.47. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $24,274,300. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock worth $278,648,925 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

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.