Eagle Capital Management LLC Takes $331,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Eagle Capital Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 820 shares of the electric vehicle producer's stock, valued at approximately $331,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Tesla in the third quarter valued at about $29,000. Clean Yield Group increased its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Tesla in the 3rd quarter valued at approximately $35,000. M&R Capital Management Inc. grew its holdings in Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, Finley Financial LLC bought a new stake in Tesla in the fourth quarter valued at approximately $64,000. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLA. Evercore ISI boosted their price target on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Bank of America lowered Tesla from a "buy" rating to a "neutral" rating and raised their price target for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Wedbush raised their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Tesla from $249.00 to $313.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $313.84.

Tesla Stock Performance

Tesla stock traded down $5.80 during mid-day trading on Friday, reaching $406.58. 56,102,963 shares of the stock traded hands, compared to its average volume of 67,394,624. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The business's 50-day moving average is $398.82 and its 200-day moving average is $294.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market capitalization of $1.31 trillion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter last year, the company posted $0.53 EPS. The company's revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock worth $212,451,751 over the last quarter. 20.70% of the stock is currently owned by corporate insiders.

About Tesla

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.