Stevens Capital Partners Purchases 256 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stevens Capital Partners raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,547 shares of the electric vehicle producer’s stock after purchasing an additional 256 shares during the period. Stevens Capital Partners’ holdings in Tesla were worth $625,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Tesla during the fourth quarter valued at about $421,000. Forvis Mazars Wealth Advisors LLC grew its holdings in Tesla by 28.2% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 8,308 shares of the electric vehicle producer’s stock valued at $3,355,000 after purchasing an additional 1,828 shares during the period. Lansing Street Advisors grew its holdings in Tesla by 3.5% during the fourth quarter. Lansing Street Advisors now owns 1,917 shares of the electric vehicle producer’s stock valued at $774,000 after purchasing an additional 65 shares during the period. Howard Capital Management Inc. grew its holdings in Tesla by 3.3% during the fourth quarter. Howard Capital Management Inc. now owns 87,674 shares of the electric vehicle producer’s stock valued at $35,406,000 after purchasing an additional 2,795 shares during the period. Finally, WESPAC Advisors LLC grew its holdings in Tesla by 34.9% during the fourth quarter. WESPAC Advisors LLC now owns 2,131 shares of the electric vehicle producer’s stock valued at $861,000 after purchasing an additional 551 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Wells Fargo & Company boosted their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Piper Sandler boosted their price objective on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, Mizuho restated an “outperform” rating and issued a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $319.57.

Tesla Trading Down 8.4 %

TSLA opened at $302.80 on Wednesday. The stock has a market cap of $973.96 billion, a price-to-earnings ratio of 148.43, a P/E/G ratio of 5.86 and a beta of 2.34. The stock’s 50 day moving average price is $393.98 and its 200-day moving average price is $315.69. Tesla, Inc. has a one year low of $138.80 and a one year 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 analysts’ consensus estimates 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 analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

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.