Fidelis Capital Partners LLC Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Fidelis Capital Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 21.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,212 shares of the electric vehicle producer’s stock after buying an additional 2,687 shares during the quarter. Tesla accounts for 0.8% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. Fidelis Capital Partners LLC’s holdings in Tesla were worth $3,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mount Vernon Associates Inc. MD grew its stake in shares of Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after acquiring an additional 350 shares during the last quarter. Oak Ridge Investments LLC grew its stake in shares of Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after acquiring an additional 1,405 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Tesla by 3.7% during the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after acquiring an additional 25,943 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Tesla by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after acquiring an additional 81,729 shares during the last quarter. Finally, First National Corp MA ADV lifted its holdings in shares of Tesla by 30.0% during the fourth quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock worth $348,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSLA shares. Canaccord Genuity Group decreased their target price on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Tesla in a report on Wednesday. Wells Fargo & Company decreased their target price on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a report on Friday, April 12th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Sanford C. Bernstein decreased their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. Ten analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $194.70.

Tesla Stock Down 3.6 %

Shares of TSLA traded down $5.52 during mid-day trading on Thursday, reaching $149.93. The company’s stock had a trading volume of 95,522,509 shares, compared to its average volume of 101,837,430. Tesla, Inc. has a 12-month low of $148.70 and a 12-month high of $299.29. The stock has a market cap of $477.50 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company’s 50 day moving average is $180.24 and its 200 day moving average is $212.64.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

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.