Opes Advisors Inc bought a new position in shares of Tesla Inc (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 680 shares of the electric vehicle producer’s stock, valued at approximately $212,000.
A number of other hedge funds also recently made changes to their positions in the stock. FDx Advisors Inc. bought a new stake in Tesla in the 4th quarter valued at $203,000. Synovus Financial Corp bought a new stake in Tesla in the 4th quarter valued at $215,000. D L Carlson Investment Group Inc. increased its holdings in Tesla by 11.7% in the 4th quarter. D L Carlson Investment Group Inc. now owns 13,580 shares of the electric vehicle producer’s stock valued at $4,228,000 after buying an additional 1,425 shares during the period. Centaurus Financial Inc. bought a new stake in Tesla in the 4th quarter valued at $212,000. Finally, Crewe Advisors LLC bought a new stake in Tesla in the 4th quarter valued at $564,000. 54.86% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on TSLA. Vetr lowered shares of Tesla from a “buy” rating to a “hold” rating and set a $330.54 price target on the stock. in a report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Citigroup initiated coverage on shares of Tesla in a research note on Tuesday, February 13th. They issued a “buy” rating and a $425.00 target price on the stock. BidaskClub downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, UBS Group set a $195.00 target price on shares of Tesla and gave the company a “sell” rating in a research note on Friday, February 9th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $324.20.
Tesla Inc (TSLA) opened at $334.77 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 52-week low of $242.01 and a 52-week high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.69) EPS. sell-side analysts forecast that Tesla Inc will post -15.15 earnings per share for the current year.
In related news, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $313.25, for a total transaction of $543,802.00. Following the transaction, the vice president now owns 1,225 shares in the company, valued at approximately $383,731.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Douglas Field sold 1,400 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total transaction of $476,938.00. Following the transaction, the vice president now owns 21,528 shares in the company, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,231 shares of company stock worth $3,622,491. 23.10% of the stock is owned by corporate insiders.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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