Courier Capital LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Courier Capital LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel reports. The firm acquired 11,375 shares of the electric vehicle producer’s stock, valued at approximately $2,826,000.

A number of other hedge funds have also recently made changes to their positions in TSLA. MidWestOne Financial Group Inc. boosted its position in shares of Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares in the last quarter. City State Bank boosted its position in shares of Tesla by 3.3% during the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after acquiring an additional 40 shares in the last quarter. Marcum Wealth LLC boosted its position in shares of Tesla by 0.6% during the 3rd quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after acquiring an additional 41 shares in the last quarter. Linscomb & Williams Inc. boosted its position in shares of Tesla by 3.5% during the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after acquiring an additional 42 shares in the last quarter. Finally, Investors Research Corp boosted its position in shares of Tesla by 5.5% during the 2nd quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after acquiring an additional 42 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Citigroup lowered their price objective on Tesla from $224.00 to $196.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays decreased their price objective on Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price objective on Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 price objective (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, UBS Group cut their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $207.04.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $179.83 on Thursday. The business’s fifty day moving average price is $188.49 and its two-hundred day moving average price is $222.36. The stock has a market cap of $572.72 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. 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 one year low of $152.37 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, analysts forecast that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

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.