Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,977 shares of the electric vehicle producer’s stock after acquiring an additional 345 shares during the quarter. Telos Capital Management Inc.’s holdings in Tesla were worth $1,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mount Vernon Associates Inc. MD boosted its stake in Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the period. Oak Ridge Investments LLC boosted its stake in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after purchasing an additional 1,405 shares during the period. CWM LLC boosted its stake in Tesla by 14.4% in the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock worth $36,717,000 after purchasing an additional 18,462 shares during the period. Corient Private Wealth LLC boosted its stake in Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after purchasing an additional 25,943 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after purchasing an additional 81,729 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Tesla Trading Down 0.2 %

NASDAQ:TSLA traded down $0.27 during trading hours on Wednesday, hitting $156.84. The stock had a trading volume of 69,843,366 shares, compared to its average volume of 101,711,047. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a market cap of $499.50 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 4.25 and a beta of 2.39. The business’s 50 day moving average is $180.88 and its 200-day moving average is $213.04.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Truist Financial decreased their target price on shares of Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research note on Wednesday, April 3rd. KGI Securities reissued a “neutral” rating and set a $213.00 target price (down previously from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. Finally, Robert W. Baird cut their price target on shares of Tesla from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Tuesday, April 2nd. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $197.15.

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.