Telos Capital Management Inc. Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Telos Capital Management Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,065 shares of the electric vehicle producer’s stock after purchasing an additional 417 shares during the quarter. Telos Capital Management Inc.’s holdings in Tesla were worth $2,045,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in shares of Tesla in the 3rd quarter worth $29,000. Peterson Financial Group Inc. bought a new position in shares of Tesla in the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. raised 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 acquiring an additional 187 shares in the last quarter. Finley Financial LLC bought a new position in shares of Tesla in the 4th quarter worth $64,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Tesla by 136.4% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after acquiring an additional 176 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI boosted their price target on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a research report on Friday, January 3rd. Roth Capital raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company upped their target price on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $321.71.

Insiders Place Their Bets

In other Tesla 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 transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 3.0 %

Shares of TSLA opened at $350.73 on Tuesday. 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 company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 171.93, a PEG ratio of 6.22 and a beta of 2.34. The stock’s 50-day moving average price is $408.27 and its 200-day moving average price is $304.55.

Tesla (NASDAQ:TSLA) last issued 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 return on equity of 10.31% and a net margin of 7.26%. On average, sell-side analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

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.