Nemes Rush Group LLC Has $16.12 Million Holdings in Tesla, Inc. $TSLA

by · The Cerbat Gem

Nemes Rush Group LLC raised its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,839 shares of the electric vehicle producer’s stock after purchasing an additional 1,392 shares during the period. Tesla accounts for 1.5% of Nemes Rush Group LLC’s holdings, making the stock its 21st biggest position. Nemes Rush Group LLC’s holdings in Tesla were worth $16,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter valued at about $26,000. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter valued at about $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the last quarter. Prism Advisors Inc. bought a new position in shares of Tesla during the 4th quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

NASDAQ TSLA opened at $391.00 on Friday. The company’s 50 day simple moving average is $395.33 and its two-hundred day simple moving average is $416.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 1 year low of $281.85 and a 1 year high of $498.83. The stock has a market capitalization of $1.47 trillion, a PE ratio of 358.72, a P/E/G ratio of 15.44 and a beta of 1.80.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TSLA shares. Bank of America started coverage on shares of Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 target price for the company. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research report on Friday, April 24th. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Tesla in a research report on Friday. They set a “buy” rating for the company. Twenty-two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $404.37.

Get Our Latest Report on Tesla

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 55,218 shares of company stock valued at $20,609,455. Insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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