Courier Capital LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 85.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015 shares of the electric vehicle producer’s stock after selling 6,080 shares during the quarter. Courier Capital LLC’s holdings in Tesla were worth $456,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its position in shares of Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares in the last quarter. Equita Financial Network Inc. increased its position in shares of Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after buying an additional 23 shares in the last quarter. VanderPol Investments L.L.C. increased its position in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after buying an additional 23 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after buying an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC increased its position in shares of Tesla by 1.1% in the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Wall Street Analysts Forecast Growth
TSLA has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price target on shares of Tesla in a research report on Wednesday, April 22nd. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Barclays reiterated a “neutral” rating on shares of Tesla in a research report on Thursday. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Finally, Bank of America began coverage on Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price objective for the company. Eighteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $398.45.
Read Our Latest Research Report on Tesla
Insider Transactions at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 53,804 shares of company stock worth $20,865,598. 19.90% of the stock is owned by corporate insiders.
Tesla Stock Performance
Tesla stock opened at $376.30 on Monday. The stock has a market cap of $1.41 trillion, a PE ratio of 345.23, a P/E/G ratio of 13.29 and a beta of 1.91. The stock has a 50-day moving average price of $385.94 and a 200 day moving average price of $420.54. Tesla, Inc. has a 52 week low of $259.63 and a 52 week high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.35 earnings per share for the current fiscal year.
Trending Headlines about Tesla
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Tesla Profile
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
Further Reading
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