D Orazio & Associates Inc. reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,686 shares of the electric vehicle producer's stock after selling 1,975 shares during the period. D Orazio & Associates Inc.'s holdings in Tesla were worth $1,892,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in Tesla in the 3rd quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in Tesla in the 3rd quarter worth about $35,000. Finley Financial LLC purchased a new position in Tesla in the 4th quarter worth about $64,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock worth $56,000 after acquiring an additional 187 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Tesla during the 4th quarter worth about $91,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Stock Performance
Shares of TSLA traded down $0.10 on Friday, reaching $355.84. 68,000,576 shares of the stock traded hands, compared to its average volume of 67,880,264. The firm has a market cap of $1.14 trillion, a price-to-earnings ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock's 50-day moving average price is $406.31 and its 200-day moving average price is $308.24.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts forecast that Tesla, Inc. will post 2.54 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Benchmark assumed coverage on Tesla in a research report on Wednesday. They set a "buy" rating and a $475.00 price objective for the company. Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $326.50.
Read Our Latest Report on TSLA
Insider Activity
In related news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 523,386 shares of company stock worth $195,995,200. Company insiders own 20.70% of the company's stock.
Tesla Profile
(
Free Report)
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.
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