DDD Partners LLC Has $2.09 Million Position in Tesla, Inc. (NASDAQ:TSLA)

DDD Partners LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,405 shares of the electric vehicle producer’s stock after selling 58 shares during the quarter. DDD Partners LLC’s holdings in Tesla were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new position in Tesla in the 3rd quarter worth approximately $25,000. Wyrmwood Management LLC acquired a new position in shares of Tesla in the 4th quarter valued at $25,000. Halpern Financial Inc. boosted its stake in Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 100 shares during the period. Alpha Paradigm Partners LLC acquired a new position in Tesla in the 3rd quarter worth $27,000. Finally, MayTech Global Investments LLC acquired a new position in Tesla in the 4th quarter worth $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 1.2 %

Tesla stock opened at $179.83 on Thursday. The stock has a market cap of $572.72 billion, a PE ratio of 41.72, a P/E/G ratio of 4.01 and a beta of 2.41. The stock has a 50-day moving average price of $188.49 and a 200 day moving average price of $222.36. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities research analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TSLA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, January 26th. The Goldman Sachs Group decreased their price objective on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $207.04.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% 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.