Cavalier Investments LLC Buys New Position in Tesla, Inc. (NASDAQ:TSLA)

Cavalier Investments LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 631 shares of the electric vehicle producer’s stock, valued at approximately $255,000.

Other large investors also recently modified their holdings of the company. Daner Wealth Management LLC bought a new position in shares of Tesla during the 4th quarter worth about $223,000. FFT Wealth Management LLC grew its position in Tesla by 12.5% during the fourth quarter. FFT Wealth Management LLC now owns 2,126 shares of the electric vehicle producer’s stock worth $859,000 after buying an additional 237 shares in the last quarter. MorganRosel Wealth Management LLC increased its stake in Tesla by 85.2% during the fourth quarter. MorganRosel Wealth Management LLC now owns 5,000 shares of the electric vehicle producer’s stock valued at $2,019,000 after acquiring an additional 2,300 shares during the period. Tull Financial Group Inc. raised its holdings in Tesla by 3.7% in the 4th quarter. Tull Financial Group Inc. now owns 1,493 shares of the electric vehicle producer’s stock valued at $603,000 after acquiring an additional 53 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Tesla by 11.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,074,425 shares of the electric vehicle producer’s stock worth $433,896,000 after acquiring an additional 106,985 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Mizuho reissued an “outperform” rating and issued a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Benchmark initiated coverage on shares of Tesla in a report on Wednesday, February 12th. They set a “buy” rating and a $475.00 price objective for the company. Barclays upped their target price on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $319.57.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 in the last three months. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $281.95 on Friday. The company has a market cap of $906.90 billion, a PE ratio of 138.21, a PEG ratio of 5.86 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company’s 50-day moving average is $387.91 and its two-hundred day moving average is $315.28.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

About Tesla

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.