Syon Capital LLC Has $1.54 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Syon Capital LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 148.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,184 shares of the electric vehicle producer’s stock after acquiring an additional 3,690 shares during the period. Syon Capital LLC’s holdings in Tesla were worth $1,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in shares of Tesla during the fourth quarter valued at about $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter valued at about $25,000. Mendota Financial Group LLC raised its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its position in shares of Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. raised its position in shares of Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA traded up $8.05 during mid-day trading on Thursday, hitting $170.18. 124,721,984 shares of the company traded hands, compared to its average volume of 103,291,094. The business has a 50-day moving average of $176.28 and a 200 day moving average of $208.91. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $541.99 billion, a price-to-earnings ratio of 42.02, a PEG ratio of 3.82 and a beta of 2.39. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 13.68% and a net margin of 14.37%. The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Robert W. Baird reissued an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research note on Wednesday, April 17th. HSBC lowered their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research note on Wednesday. UBS Group lowered their target price on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group lowered their target price on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research note on Wednesday. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $186.70.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 over the last ninety days. Company insiders own 25.10% of the company’s stock.

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.