My Personal CFO LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,038 shares of the electric vehicle producer’s stock, valued at approximately $128,000.
Other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. raised its holdings in Tesla by 48.0% in the 4th quarter. North Star Investment Management Corp. now owns 2,708 shares of the electric vehicle producer’s stock valued at $334,000 after acquiring an additional 878 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Tesla by 6.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the electric vehicle producer’s stock worth $544,000 after buying an additional 256 shares during the period. Onyx Bridge Wealth Group LLC boosted its stake in Tesla by 37.0% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 5,448 shares of the electric vehicle producer’s stock worth $616,000 after buying an additional 1,470 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in Tesla by 4.7% in the 4th quarter. Aurora Investment Managers LLC. now owns 43,329 shares of the electric vehicle producer’s stock valued at $5,337,000 after buying an additional 1,960 shares during the period. Finally, Jenkins Wealth purchased a new position in shares of Tesla during the 4th quarter worth about $349,000. Institutional investors and hedge funds own 43.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TSLA. Evercore ISI dropped their price target on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a research report on Tuesday, December 20th. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. KGI Securities cut Tesla from an “outperform” rating to a “neutral” rating and set a $196.00 target price on the stock. in a report on Thursday, March 2nd. StockNews.com began coverage on Tesla in a research note on Thursday. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $221.39.
Insiders Place Their Bets
Tesla Stock Down 2.2 %
TSLA traded down $4.00 during trading on Friday, hitting $180.13. The company had a trading volume of 133,197,140 shares, compared to its average volume of 152,494,352. The company has a market cap of $569.95 billion, a PE ratio of 49.71, a P/E/G ratio of 2.19 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.05. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $384.29. The business has a 50-day moving average of $175.38 and a 200-day moving average of $197.07.
Tesla (NASDAQ:TSLA – Get Rating) last issued its earnings results on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The business had revenue of $24.32 billion for the quarter, compared to analyst estimates of $24.26 billion. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. As a group, analysts forecast that Tesla, Inc. will post 3.43 earnings per share for the current year.
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.
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