Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 37.6% during the 4th quarter, HoldingsChannel reports. The fund owned 6,058 shares of the electric vehicle producer’s stock after acquiring an additional 1,655 shares during the period. Tesla accounts for 0.6% of Oliver Lagore Vanvalin Investment Group’s holdings, making the stock its 28th biggest position. Oliver Lagore Vanvalin Investment Group’s holdings in Tesla were worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in Tesla during the fourth quarter worth approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the 4th quarter valued at $25,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at $27,000. Perkins Coie Trust Co boosted its holdings in shares of Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 54 shares in the last quarter. Finally, Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSLA. UBS Group reduced their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Truist Financial dropped their price target on Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research note on Wednesday, April 3rd. Redburn Atlantic initiated coverage on Tesla in a research report on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price for the company. The Goldman Sachs Group lowered their price objective on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, KGI Securities restated a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $194.70.

Tesla Stock Performance

TSLA stock traded down $5.00 during midday trading on Thursday, reaching $150.45. 75,598,764 shares of the company’s stock traded hands, compared to its average volume of 101,553,359. The company has a 50-day moving average price of $180.24 and a two-hundred day moving average price of $212.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla, Inc. has a 52 week low of $148.70 and a 52 week high of $299.29. The firm has a market capitalization of $479.15 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. Insiders own 25.10% of the company’s stock.

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.