Oder Investment Management LLC Has $3.14 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Oder Investment Management LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,133 shares of the electric vehicle producer’s stock after selling 128 shares during the quarter. Tesla accounts for 2.7% of Oder Investment Management LLC’s portfolio, making the stock its 10th biggest position. Oder Investment Management LLC’s holdings in Tesla were worth $3,144,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in shares of Tesla by 1.7% during the first quarter. Cresset Asset Management LLC now owns 220,613 shares of the electric vehicle producer’s stock valued at $57,174,000 after acquiring an additional 3,620 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Tesla by 32.1% during the first quarter. Alliance Wealth Advisors LLC UT now owns 6,171 shares of the electric vehicle producer’s stock valued at $1,599,000 after acquiring an additional 1,501 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of Tesla by 20.6% during the first quarter. Tocqueville Asset Management L.P. now owns 1,371 shares of the electric vehicle producer’s stock valued at $355,000 after acquiring an additional 234 shares in the last quarter. United Capital Management of KS Inc. raised its holdings in shares of Tesla by 2.1% during the first quarter. United Capital Management of KS Inc. now owns 64,715 shares of the electric vehicle producer’s stock valued at $16,772,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Tesla by 22.8% during the first quarter. Thompson Davis & CO. Inc. now owns 1,680 shares of the electric vehicle producer’s stock valued at $435,000 after acquiring an additional 312 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TSLA shares. China Renaissance restated a “hold” rating and set a $349.00 target price on shares of Tesla in a report on Friday, July 25th. Guggenheim restated a “sell” rating and set a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 23rd. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday, July 24th. Finally, Cfra Research cut Tesla from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $303.31.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the transaction, the chief financial officer owned 1,950 shares of the company’s stock, valued at $664,989. This trade represents a 75.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 599,724 shares of company stock worth $213,126,501 over the last ninety days. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 1.5%

TSLA stock opened at $330.56 on Friday. The business’s 50-day moving average is $320.41 and its two-hundred day moving average is $305.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a fifty-two week low of $202.59 and a fifty-two week high of $488.54. The company has a market cap of $1.07 trillion, a price-to-earnings ratio of 191.08, a P/E/G ratio of 11.67 and a beta of 2.33.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same period last year, the business earned $0.52 EPS. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla Company Profile

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.