Dubuque Bank & Trust Co. cut its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 90.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 654 shares of the electric vehicle producer’s stock after selling 6,327 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Tesla were worth $204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Bedell Frazier Investment Counseling LLC boosted its holdings in Tesla by 2.4% during the 4th quarter. Bedell Frazier Investment Counseling LLC now owns 13,954 shares of the electric vehicle producer’s stock valued at $4,344,000 after acquiring an additional 327 shares during the period. Teacher Retirement System of Texas boosted its holdings in Tesla by 20.9% during the 4th quarter. Teacher Retirement System of Texas now owns 36,510 shares of the electric vehicle producer’s stock valued at $11,367,000 after acquiring an additional 6,323 shares during the period. Cypress Wealth Services LLC purchased a new position in Tesla during the 4th quarter valued at about $242,000. Alps Advisors Inc. boosted its holdings in Tesla by 34.7% during the 4th quarter. Alps Advisors Inc. now owns 1,235 shares of the electric vehicle producer’s stock valued at $385,000 after acquiring an additional 318 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Tesla by 8.9% during the 4th quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock valued at $203,981,000 after acquiring an additional 53,279 shares during the period. Institutional investors and hedge funds own 57.35% of the company’s stock.
TSLA has been the subject of a number of research analyst reports. Nomura restated a “buy” rating and set a $500.00 target price on shares of Tesla in a report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $411.00 price target on shares of Tesla in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $386.00 price target on Tesla and gave the company a “buy” rating in a research report on Monday, October 16th. Global Equities Research reaffirmed a “buy” rating and issued a $485.00 price target on shares of Tesla in a research report on Wednesday, November 29th. Finally, Vetr raised Tesla from a “sell” rating to a “buy” rating and set a $331.07 price target on the stock in a research report on Tuesday, December 26th. Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Tesla has an average rating of “Hold” and a consensus price target of $322.45.
Shares of Tesla Inc (NASDAQ:TSLA) opened at $310.42 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla Inc has a 12-month low of $242.01 and a 12-month high of $389.61. The firm has a market capitalization of $51,380.00, a PE ratio of -26.33 and a beta of 0.97.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, topping the consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company earned ($0.69) EPS. The business’s quarterly revenue was up 43.9% on a year-over-year basis. research analysts forecast that Tesla Inc will post -6.87 earnings per share for the current fiscal year.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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