Dakota Wealth Management Acquires 846 Shares of Tesla, Inc. (NASDAQ:TSLA)

Dakota Wealth Management lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,079 shares of the electric vehicle producer’s stock after purchasing an additional 846 shares during the period. Dakota Wealth Management’s holdings in Tesla were worth $3,250,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Tesla in the fourth quarter valued at about $3,459,540,000. Moneta Group Investment Advisors LLC increased its holdings in Tesla by 180,125.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after purchasing an additional 26,836,879 shares during the period. Bank of New York Mellon Corp raised its position in Tesla by 203.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock valued at $5,360,358,000 after purchasing an additional 13,558,882 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Tesla by 25,990.7% in the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after buying an additional 6,179,032 shares during the period. Finally, Morgan Stanley grew its position in shares of Tesla by 26.3% in the 4th quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock worth $3,132,119,000 after buying an additional 5,292,464 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $161.48 on Tuesday. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a 50-day moving average price of $181.44 and a 200-day moving average price of $213.70. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $514.28 billion, a P/E ratio of 37.47, a PEG ratio of 4.50 and a beta of 2.40.

Tesla (NASDAQ:TSLA) last released its 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). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on TSLA shares. Redburn Atlantic began coverage on Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price target for the company. Sanford C. Bernstein reduced their price target on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Mizuho reiterated a “neutral” rating and set a $195.00 target price (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Finally, UBS Group reduced their target price on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $198.81.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by corporate insiders.

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.