One Day In July LLC Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

One Day In July LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 23.8% in the fourth quarter, Holdings Channel reports. The fund owned 3,552 shares of the electric vehicle producer’s stock after purchasing an additional 683 shares during the quarter. One Day In July LLC’s holdings in Tesla were worth $883,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla in the fourth quarter worth about $25,000. Lam Group Inc. purchased a new stake in Tesla in the fourth quarter worth about $25,000. Mendota Financial Group LLC boosted its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. Kathleen S. Wright Associates Inc. boosted its stake in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, Cordant Inc. bought a new position in shares of Tesla in the third quarter worth about $53,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA traded down $3.15 on Wednesday, reaching $180.13. 42,382,894 shares of the stock were exchanged, compared to its average volume of 104,592,102. The company’s 50-day moving average price is $174.71 and its 200 day moving average price is $206.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market capitalization of $574.47 billion, a PE ratio of 45.96, a PEG ratio of 5.28 and a beta of 2.39.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated 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 transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TSLA shares. Daiwa Capital Markets lowered Tesla from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. TD Cowen dropped their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Canaccord Genuity Group dropped their price objective on Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Citigroup upped their price objective on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein dropped their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Tuesday, March 26th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.32.

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.