Hippocratic Financial Advisors LLC Purchases Shares of 741 Tesla, Inc. (NASDAQ:TSLA)

Hippocratic Financial Advisors LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 741 shares of the electric vehicle producer’s stock, valued at approximately $299,000. Tesla comprises approximately 0.2% of Hippocratic Financial Advisors LLC’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Norges Bank bought a new position in Tesla during the fourth quarter worth $14,420,248,000. Caisse Des Depots ET Consignations acquired a new stake in Tesla during the 4th quarter worth about $16,650,000. Blair William & Co. IL raised its position in shares of Tesla by 12.5% in the 4th quarter. Blair William & Co. IL now owns 274,154 shares of the electric vehicle producer’s stock worth $110,714,000 after acquiring an additional 30,380 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Tesla by 1.1% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,851 shares of the electric vehicle producer’s stock valued at $5,594,000 after purchasing an additional 151 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in Tesla by 7.6% during the fourth quarter. Howe & Rusling Inc. now owns 863 shares of the electric vehicle producer’s stock worth $349,000 after purchasing an additional 61 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ TSLA opened at $273.13 on Friday. The company’s 50 day simple moving average is $324.59 and its two-hundred day simple moving average is $321.35. The stock has a market capitalization of $878.53 billion, a PE ratio of 133.89, a P/E/G ratio of 5.86 and a beta of 2.50. 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, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on TSLA shares. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Evercore ISI lifted their price target on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. HSBC cut their price objective on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday. The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research note on Monday, March 3rd. Finally, Oppenheimer restated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $319.12.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by corporate insiders.

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.