JDH Wealth Management LLC Invests $585,000 in Tesla, Inc. (NASDAQ:TSLA)

JDH Wealth Management LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,449 shares of the electric vehicle producer’s stock, valued at approximately $585,000. Tesla makes up approximately 0.5% of JDH Wealth Management LLC’s holdings, making the stock its 25th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in Tesla in the second quarter valued at about $48,000. Cim LLC bought a new stake in Tesla in the 2nd quarter valued at approximately $292,000. Heritage Wealth Management Inc. bought a new position in Tesla in the second quarter valued at $269,000. Centaurus Financial Inc. increased its position in shares of Tesla by 41.0% in the second quarter. Centaurus Financial Inc. now owns 23,470 shares of the electric vehicle producer’s stock valued at $4,644,000 after acquiring an additional 6,823 shares during the last quarter. Finally, Ashburton Jersey Ltd bought a new stake in shares of Tesla during the 2nd quarter worth approximately $63,000. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 2.9 %

Shares of Tesla stock opened at $400.28 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm’s 50-day moving average price is $401.98 and its 200 day moving average price is $297.28. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.28 trillion, a PE ratio of 109.67, a P/E/G ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. On average, sell-side analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSLA shares. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $440.00 price objective on shares of Tesla in a research note on Thursday. Finally, Robert W. Baird cut their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $318.31.

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.