Chicago Capital LLC Has $3.58 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)
Other institutional investors have also recently made changes to their positions in the company. Axiom Financial Strategies LLC raised its stake in Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Tesla by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after acquiring an additional 164,789 shares during the period. MAS Advisors LLC raised its stake in Tesla by 25.7% during the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after acquiring an additional 81 shares during the period. Ergoteles LLC raised its stake in Tesla by 33.4% during the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after acquiring an additional 893 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Tesla by 6.8% during the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after acquiring an additional 4,593 shares during the period. Institutional investors own 66.20% of the company’s stock.
Tesla Trading Down 5.5 %
NASDAQ TSLA traded down $9.60 during trading on Tuesday, hitting $165.62. The stock had a trading volume of 74,247,013 shares, compared to its average volume of 101,858,266. The company has a market capitalization of $527.46 billion, a PE ratio of 38.18, a PEG ratio of 3.97 and a beta of 2.40. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $186.33 and a 200 day moving average price of $220.38. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29.
Tesla (NASDAQ:TSLA – Get Free Report) last released 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). The firm had revenue of $25.17 billion during 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%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 2.44 earnings per share for the current year.
Insider Transactions at Tesla
In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,598 shares of company stock valued at $36,952,434. 20.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
TSLA has been the topic of several recent analyst reports. Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Robert W. Baird reiterated an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $218.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. The Goldman Sachs Group reduced their price objective on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, Mizuho reiterated a “neutral” rating and set a $195.00 price objective (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $204.63.
Check Out Our Latest Stock Report on Tesla
Tesla Profile
(Free Report)
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.
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