Frederick Financial Consultants LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Frederick Financial Consultants LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,635 shares of the electric vehicle producer's stock, valued at approximately $1,872,000. Tesla makes up about 1.5% of Frederick Financial Consultants LLC's holdings, making the stock its 16th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Infusive Asset Management Inc. acquired a new position in Tesla during the fourth quarter worth about $7,687,000. GeoWealth Management LLC increased its holdings in shares of Tesla by 6.1% in the fourth quarter. GeoWealth Management LLC now owns 12,588 shares of the electric vehicle producer's stock valued at $5,084,000 after buying an additional 726 shares in the last quarter. Cadence Bank grew its holdings in shares of Tesla by 6.7% in the 4th quarter. Cadence Bank now owns 1,021 shares of the electric vehicle producer's stock worth $412,000 after acquiring an additional 64 shares during the last quarter. Capital International Investors lifted its holdings in shares of Tesla by 29.7% during the fourth quarter. Capital International Investors now owns 1,156,886 shares of the electric vehicle producer's stock valued at $467,197,000 after purchasing an additional 264,906 shares during the last quarter. Finally, Capital International Sarl raised its holdings in Tesla by 5.3% during the 4th quarter. Capital International Sarl now owns 438,259 shares of the electric vehicle producer's stock worth $176,987,000 after buying an additional 22,177 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 374,228 shares of company stock valued at $123,791,123. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 0.2 %

TSLA stock opened at $241.17 on Friday. The company has a market cap of $775.71 billion, a PE ratio of 118.22, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business's 50-day simple moving average is $275.67 and its 200 day simple moving average is $322.33.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an "underperform" rating in a research report on Wednesday. Truist Financial lowered their target price on Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Evercore ISI lifted their price target on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $292.18.

Tesla Company 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.

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