Dodds Wealth LLC Invests $232,000 in Tesla, Inc. (NASDAQ:TSLA)

Dodds Wealth LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel.com reports. The firm purchased 558 shares of the electric vehicle producer’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dock Street Asset Management Inc. acquired a new position in shares of Tesla during the 4th quarter valued at about $292,000. Realta Investment Advisors grew its holdings in Tesla by 35.7% in the 4th quarter. Realta Investment Advisors now owns 15,761 shares of the electric vehicle producer’s stock valued at $6,469,000 after buying an additional 4,148 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Tesla in the 4th quarter valued at approximately $6,690,000. SMART Wealth LLC grew its holdings in Tesla by 661.0% in the 4th quarter. SMART Wealth LLC now owns 6,042 shares of the electric vehicle producer’s stock valued at $2,440,000 after buying an additional 5,248 shares during the last quarter. Finally, Prairie Wealth Advisors Inc. grew its holdings in Tesla by 1.9% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 3,658 shares of the electric vehicle producer’s stock valued at $1,477,000 after buying an additional 69 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 6.3 %

NASDAQ TSLA opened at $328.50 on Wednesday. The stock has a fifty day moving average of $408.14 and a 200-day moving average of $305.46. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 161.03, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts forecast that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 635,776 shares of company stock valued at $231,335,112. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a report on Thursday, October 24th. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Canaccord Genuity Group raised their price objective on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, UBS Group raised their price objective on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $321.71.

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.