Dale Q Rice Investment Management Ltd Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

Dale Q Rice Investment Management Ltd purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,672 shares of the electric vehicle producer's stock, valued at approximately $6,329,000. Tesla comprises about 2.8% of Dale Q Rice Investment Management Ltd's portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter worth about $29,000. Clean Yield Group lifted its stake in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $35,000. Finally, M&R Capital Management Inc. raised its holdings in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSLA. The Goldman Sachs Group boosted their price objective on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Mizuho upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $230.00 to $515.00 in a report on Tuesday, December 17th. Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and upped their target price for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and raised their target price for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $296.60.

Tesla Trading Down 1.7 %

NASDAQ:TSLA opened at $396.36 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $382.71 and a 200-day simple moving average of $284.69. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market capitalization of $1.27 trillion, a P/E ratio of 108.59, a PEG ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company's quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Tesla 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.