Gables Capital Management Inc. Has $223,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Gables Capital Management Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 551 shares of the electric vehicle producer’s stock after acquiring an additional 51 shares during the quarter. Gables Capital Management Inc.’s holdings in Tesla were worth $223,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in Tesla during the 3rd quarter worth about $29,000. Peterson Financial Group Inc. acquired a new position in Tesla during the 3rd quarter worth about $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Tesla during the 4th quarter worth about $46,000. PayPay Securities Corp lifted its holdings in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in Tesla during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $222.15 on Tuesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock’s 50 day moving average price is $363.87 and its 200-day moving average price is $319.46. The company has a market capitalization of $714.55 billion, a PE ratio of 108.90, a PEG ratio of 5.86 and a beta of 2.50. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

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%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. The trade was a 9.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 422,452 shares of company stock worth $153,659,530. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of several recent research reports. Piper Sandler lifted their target price on Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Cowen raised Tesla from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Tesla in a research report on Friday. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $326.31.

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.