Arnhold LLC Invests $230,000 in Tesla, Inc. (NASDAQ:TSLA)

by · The Cerbat Gem

Arnhold LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 570 shares of the electric vehicle producer’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Horrell Capital Management Inc. lifted its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 34 shares during the period. GS Investments Inc. raised its position in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares during the period. CoreFirst Bank & Trust bought a new position in Tesla during the 4th quarter worth approximately $38,000. Delos Wealth Advisors LLC grew its holdings in Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC acquired a new stake in Tesla in the fourth quarter worth $44,000. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on TSLA shares. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday. Argus set a $410.00 price target on Tesla in a report on Thursday. Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Morgan Stanley restated a “buy” rating and set a $430.00 target price on shares of Tesla in a report on Tuesday. Finally, Roth Mkm reduced their price target on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $287.46.

Get Our Latest Analysis on Tesla

Tesla Stock Up 3.5 %

Shares of NASDAQ:TSLA opened at $259.51 on Friday. The business has a fifty day simple moving average of $265.36 and a 200 day simple moving average of $322.18. Tesla, Inc. has a 12-month low of $158.36 and a 12-month high of $488.54. The firm has a market cap of $834.72 billion, a P/E ratio of 127.21, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the firm earned $0.45 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This represents a 12.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is currently owned by insiders.

Tesla Profile

(Free Report)

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.

See Also

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