Schnieders Capital Management LLC Increases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Schnieders Capital Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,294 shares of the electric vehicle producer’s stock after buying an additional 1,040 shares during the period. Schnieders Capital Management LLC’s holdings in Tesla were worth $2,138,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter valued at $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla during the fourth quarter valued at $46,000. PayPay Securities Corp lifted its holdings in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Finley Financial LLC purchased a new position in Tesla during the fourth quarter valued at $64,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $37,226,491.76. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 4.0 %

NASDAQ TSLA opened at $293.33 on Friday. The firm has a 50 day simple moving average of $385.35 and a 200-day simple moving average of $315.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a market cap of $943.49 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on TSLA. Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a report on Wednesday, February 12th. Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and increased their target price for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Benchmark assumed coverage on shares of Tesla in a research report on Wednesday, February 12th. They issued a “buy” rating and a $475.00 target price for the company. Truist Financial increased their target price on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $318.77.

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.