Roman Butler Fullerton & Co. Acquires 83 Shares of Tesla, Inc. (NASDAQ:TSLA)

Roman Butler Fullerton & Co. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,397 shares of the electric vehicle producer’s stock after acquiring an additional 83 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Tesla were worth $347,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mount Vernon Associates Inc. MD increased its position in 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 period. Oak Ridge Investments LLC increased its position in 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 period. Corient Private Wealth LLC increased its position in 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 period. Nordea Investment Management AB increased its holdings in Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after buying an additional 81,729 shares during the period. Finally, First National Corp MA ADV increased its holdings in Tesla by 30.0% in the 4th quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock valued at $348,000 after buying an additional 323 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $149.93 on Friday. The company has a fifty day moving average of $179.45 and a 200-day moving average of $212.21. The firm has a market capitalization of $477.50 billion, a P/E ratio of 34.79, a P/E/G ratio of 4.11 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a twelve month low of $148.70 and a twelve month high of $299.29.

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 company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on TSLA. Piper Sandler decreased their target price on shares of Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Wells Fargo & Company decreased their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Barclays decreased their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group decreased their target price on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Ten analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $194.70.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction 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 directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by corporate insiders.

Tesla 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.