Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,397 shares of the electric vehicle producer’s stock after acquiring an additional 83 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Tesla were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Waterfront Wealth Inc. lifted its position in shares of Tesla by 2.2% in the 4th quarter. Waterfront Wealth Inc. now owns 3,867 shares of the electric vehicle producer’s stock valued at $961,000 after acquiring an additional 84 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Tesla by 5.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 55,894 shares of the electric vehicle producer’s stock valued at $13,889,000 after acquiring an additional 2,679 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Tesla by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 578,059 shares of the electric vehicle producer’s stock valued at $143,636,000 after acquiring an additional 130,237 shares in the last quarter. Key Financial Inc lifted its position in shares of Tesla by 102.2% in the 4th quarter. Key Financial Inc now owns 3,650 shares of the electric vehicle producer’s stock valued at $907,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Quattro Financial Advisors LLC purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla 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 sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’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 approximately $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. Insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TSLA shares. Redburn Atlantic began coverage on shares of Tesla in a research report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price target for the company. Sanford C. Bernstein cut their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, March 26th. Mizuho reiterated a “neutral” rating and issued a $195.00 target price (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. UBS Group cut their target price on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Finally, Truist Financial cut their target price on shares of Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. Ten analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $194.70.

Tesla Stock Performance

NASDAQ:TSLA opened at $149.93 on Friday. 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 firm has a market capitalization of $477.50 billion, a PE ratio of 34.79, a PEG ratio of 4.11 and a beta of 2.39. The firm’s fifty day simple moving average is $179.45 and its 200 day simple moving average is $212.21. Tesla, Inc. has a 1 year low of $148.70 and a 1 year high of $299.29.

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). The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current 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.