Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by FCG Investment Co

FCG Investment Co raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,289 shares of the electric vehicle producer’s stock after acquiring an additional 47 shares during the period. FCG Investment Co’s holdings in Tesla were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Smith Thornton Advisors LLC bought a new position in shares of Tesla in the second quarter valued at approximately $233,000. Beaird Harris Wealth Management LLC raised its stake in shares of Tesla by 60.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,181 shares of the electric vehicle producer’s stock worth $432,000 after buying an additional 821 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Tesla by 40.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 140,155 shares of the electric vehicle producer’s stock valued at $27,734,000 after buying an additional 40,633 shares during the period. Sepio Capital LP boosted its stake in Tesla by 19.9% during the second quarter. Sepio Capital LP now owns 57,907 shares of the electric vehicle producer’s stock valued at $11,459,000 after buying an additional 9,626 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in Tesla by 5.9% during the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock worth $247,000 after acquiring an additional 70 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 1.4 %

Tesla stock opened at $406.58 on Friday. The company has a market capitalization of $1.31 trillion, a P/E ratio of 111.39, a P/E/G ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm’s fifty day simple moving average is $398.82 and its 200-day simple moving average is $294.03. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 617,886 shares of company stock valued at $212,451,751. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSLA. Piper Sandler raised their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lifted their price target on shares of Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada lifted their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $313.84.

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.