Caitlin John LLC Acquires 28 Shares of Tesla, Inc. (NASDAQ:TSLA)

Caitlin John LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,525 shares of the electric vehicle producer’s stock after purchasing an additional 28 shares during the quarter. Caitlin John LLC’s holdings in Tesla were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLA. Transcendent Capital Group LLC purchased a new position in shares of Tesla in the third quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the 3rd quarter valued at about $35,000. Finley Financial LLC purchased a new stake in Tesla in the 4th quarter worth approximately $64,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after buying an additional 187 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Tesla during the fourth quarter valued at approximately $91,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,776 shares of company stock valued at $203,744,862 over the last ninety days. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho reissued an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target for the company in a research note on Thursday, October 24th. New Street Research upgraded 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. Glj Research restated a “sell” rating and issued a $24.86 target price on shares of Tesla in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price objective on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $322.29.

Tesla Trading Down 3.4 %

Shares of NASDAQ:TSLA opened at $361.62 on Monday. The stock has a 50 day moving average of $408.27 and a 200 day moving average of $303.93. The company has a market cap of $1.16 trillion, a PE ratio of 177.27, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 return on equity of 10.31% and a net margin of 7.26%. As a group, equities research analysts expect that Tesla, Inc. will post 2.54 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.