Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Schnieders Capital Management LLC

Schnieders Capital Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,294 shares of the electric vehicle producer’s stock after purchasing an additional 1,040 shares during the period. Schnieders Capital Management LLC’s holdings in Tesla were worth $2,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Swedbank AB raised its holdings in Tesla by 2.8% during the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares in the last quarter. Foundation Wealth Management LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $225,000. JFS Wealth Advisors LLC increased its holdings in shares of Tesla by 75.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,014 shares of the electric vehicle producer’s stock valued at $527,000 after acquiring an additional 864 shares during the period. HM Payson & Co. increased its holdings in shares of Tesla by 16.7% in the 3rd quarter. HM Payson & Co. now owns 4,624 shares of the electric vehicle producer’s stock valued at $1,210,000 after acquiring an additional 662 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC increased its holdings in shares of Tesla by 21.6% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,773 shares of the electric vehicle producer’s stock valued at $987,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 523,386 shares of company stock worth $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $293.33 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $385.35 and its 200 day simple moving average is $315.95. The firm has a market capitalization of $943.49 billion, a PE ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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 research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a report on Monday, January 6th. Stifel Nicolaus cut their target price on shares of Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Guggenheim reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $318.77.

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.