Accredited Investors Inc. boosted its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 17.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,028 shares of the electric vehicle producer’s stock after purchasing an additional 154 shares during the period. Accredited Investors Inc.’s holdings in Tesla were worth $288,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alpha Windward LLC bought a new position in shares of Tesla in the 4th quarter valued at $26,000. Sontag Advisory LLC bought a new position in shares of Tesla in the 4th quarter valued at $26,000. Gradient Investments LLC lifted its stake in shares of Tesla by 1,660.0% in the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of Tesla in the 4th quarter valued at $30,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Tesla in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 59.50% of the company’s stock.
Shares of Tesla stock traded down $1.78 during mid-day trading on Wednesday, hitting $271.58. 2,350,030 shares of the stock were exchanged, compared to its average volume of 9,039,213. Tesla Inc has a 12 month low of $247.77 and a 12 month high of $387.46. The company has a quick ratio of 0.52, a current ratio of 0.83 and a debt-to-equity ratio of 1.63. The stock has a market cap of $46.01 billion, a P/E ratio of -47.48, a P/E/G ratio of 6.03 and a beta of 0.35.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.93. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the firm earned ($3.04) EPS. The company’s quarterly revenue was up 119.8% compared to the same quarter last year. On average, equities analysts anticipate that Tesla Inc will post 1.26 EPS for the current year.
Several research analysts recently issued reports on TSLA shares. ValuEngine lowered Tesla from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. JMP Securities set a $408.00 price target on Tesla and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Jefferies Financial Group set a $450.00 price target on Tesla and gave the stock a “buy” rating in a report on Thursday, January 31st. BidaskClub upgraded Tesla from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Finally, Canaccord Genuity upgraded Tesla from a “hold” rating to a “buy” rating and increased their price target for the stock from $330.00 to $450.00 in a report on Monday, February 11th. Fifteen analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $315.41.
In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of Tesla stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $293.66, for a total transaction of $4,404,900.00. Following the transaction, the insider now owns 321,398 shares of the company’s stock, valued at approximately $94,381,736.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Antonio J. Gracias sold 16,780 shares of Tesla stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $348.22, for a total transaction of $5,843,131.60. Following the completion of the sale, the director now directly owns 17,018 shares in the company, valued at approximately $5,926,007.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,820 shares of company stock worth $34,419,006. Insiders own 22.80% of the company’s stock.
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Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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