Callan Capital LLC Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Callan Capital LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,056 shares of the electric vehicle producer’s stock after purchasing an additional 479 shares during the quarter. Callan Capital LLC’s holdings in Tesla were worth $7,696,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its stake in Tesla by 32.2% during the fourth quarter. Thompson Davis & CO. Inc. now owns 1,368 shares of the electric vehicle producer’s stock worth $552,000 after purchasing an additional 333 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Tesla in the fourth quarter valued at approximately $251,000. Wealth Management Nebraska purchased a new stake in Tesla during the 4th quarter worth approximately $313,000. Prentice Wealth Management LLC lifted its holdings in Tesla by 4.0% during the 4th quarter. Prentice Wealth Management LLC now owns 2,301 shares of the electric vehicle producer’s stock worth $929,000 after buying an additional 89 shares in the last quarter. Finally, Matauro LLC purchased a new position in Tesla in the 4th quarter valued at approximately $546,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSLA shares. Jefferies Financial Group upped their price objective on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. UBS Group upped their price target on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a report on Thursday, January 30th. Bank of America cut Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Canaccord Genuity Group upped their target price on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesla in a research note on Tuesday, February 18th. Ten investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $319.57.

Insider Transactions at Tesla

In related news, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,386 shares of company stock worth $195,995,200. Company insiders own 20.70% of the company’s stock.

Tesla Stock Down 2.2 %

Tesla stock opened at $330.53 on Tuesday. The stock has a 50 day moving average of $397.52 and a two-hundred day moving average of $314.96. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 162.03, 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 (NASDAQ:TSLA) last issued its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts expect 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.