Telos Capital Management Inc. Acquires 345 Shares of Tesla, Inc. (NASDAQ:TSLA)

Telos Capital Management Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,977 shares of the electric vehicle producer’s stock after purchasing an additional 345 shares during the quarter. Telos Capital Management Inc.’s holdings in Tesla were worth $1,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MidWestOne Financial Group Inc. raised its position in Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after buying an additional 15 shares during the last quarter. City State Bank raised its position in Tesla by 3.3% in the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after buying an additional 40 shares during the last quarter. Linscomb & Williams Inc. raised its position in Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after buying an additional 42 shares during the last quarter. Opal Wealth Advisors LLC raised its position in Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after buying an additional 42 shares during the last quarter. Finally, Holderness Investments Co. raised its position in Tesla by 1.6% in the 3rd 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 during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction 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 transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction 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 transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Mizuho restated a “neutral” rating and set a $195.00 price target (down from $270.00) on shares of Tesla in a research note on Monday, March 25th. Piper Sandler cut their price target on Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $298.00 price target on shares of Tesla in a research note on Wednesday, March 27th. Finally, KGI Securities restated a “neutral” rating and set a $213.00 price target (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $197.15.

Tesla Price Performance

Shares of TSLA traded down $0.27 during mid-day trading on Wednesday, hitting $156.84. 69,843,366 shares of the stock were exchanged, compared to its average volume of 101,711,047. The firm has a 50-day moving average of $180.88 and a two-hundred day moving average of $213.04. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29. The company has a market cap of $499.50 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 4.25 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.07 EPS. On average, equities analysts predict that Tesla, Inc. will post 1.98 earnings per share 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.