Bp Plc acquired a new stake in shares of Tesla Inc (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the electric vehicle producer’s stock, valued at approximately $4,993,000.
Other institutional investors have also recently made changes to their positions in the company. Alpha Windward LLC purchased a new position in shares of Tesla in the 4th quarter worth about $26,000. Gradient Investments LLC raised its position in shares of Tesla by 1,660.0% in the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in shares of Tesla in the 4th quarter worth about $30,000. Financial Gravity Companies Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $32,000. Finally, Clean Yield Group purchased a new position in shares of Tesla in the 4th quarter worth about $36,000. 56.94% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Deutsche Bank assumed coverage on Tesla in a research report on Thursday, December 13th. They issued a “hold” rating for the company. Wedbush assumed coverage on Tesla in a research report on Thursday, December 13th. They issued an “outperform” rating and a $440.00 price target for the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $465.00 price target (up previously from $411.00) on shares of Tesla in a research report on Thursday, December 13th. They noted that the move was a valuation call. Wolfe Research lifted their price target on Tesla from $410.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, December 6th. Finally, BidaskClub raised Tesla from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Fourteen analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $328.46.
In other Tesla news, insider Jerome M. Guillen sold 1,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $360.28, for a total transaction of $360,280.00. Following the completion of the sale, the insider now directly owns 8,598 shares in the company, valued at approximately $3,097,687.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 1,700 shares of the business’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $321.60, for a total value of $546,720.00. Following the sale, the director now owns 1,700 shares of the company’s stock, valued at $546,720. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,570 shares of company stock valued at $24,744,248. Corporate insiders own 22.80% of the company’s stock.
Tesla stock opened at $308.17 on Thursday. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of -53.88, a PEG ratio of 4.61 and a beta of 0.56. Tesla Inc has a 52-week low of $244.59 and a 52-week high of $387.46. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.93. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. Tesla had a negative return on equity of 19.08% and a negative net margin of 4.55%. The business’s quarterly revenue was up 119.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.04) EPS. On average, sell-side analysts expect that Tesla Inc will post 1.89 earnings per share for the current fiscal year.
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Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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