Oder Investment Management LLC Acquires 77 Shares of Tesla, Inc. (NASDAQ:TSLA)

Oder Investment Management LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,047 shares of the electric vehicle producer’s stock after acquiring an additional 77 shares during the period. Tesla makes up approximately 3.9% of Oder Investment Management LLC’s investment portfolio, making the stock its 5th largest position. Oder Investment Management LLC’s holdings in Tesla were worth $3,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Holderness Investments Co. grew its stake in Tesla by 1.6% during the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after buying an additional 42 shares in the last quarter. SCS Capital Management LLC grew its stake in Tesla by 0.3% during the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after buying an additional 45 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares in the last quarter. ML & R Wealth Management LLC grew its stake in Tesla by 2.6% during the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock worth $455,000 after buying an additional 46 shares in the last quarter. Finally, LCM Capital Management Inc lifted its holdings in shares of Tesla by 3.5% in the third quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock worth $344,000 after acquiring an additional 46 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 in the last quarter. 20.90% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $1.70 during trading on Wednesday, hitting $181.58. 45,340,877 shares of the company’s stock were exchanged, compared to its average volume of 104,616,172. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The business’s 50-day simple moving average is $174.71 and its 200 day simple moving average is $206.29. The company has a market cap of $579.09 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 5.28 and a beta of 2.39.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Wedbush reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Tesla in a research report on Monday. TD Cowen reduced their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Citigroup lifted their price target on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.32.

Tesla Company 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.