Donor Advised Charitable Giving Inc. Trims Position in Tesla, Inc. (NASDAQ:TSLA)

Donor Advised Charitable Giving Inc. reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,787 shares of the electric vehicle producer’s stock after selling 25 shares during the period. Tesla comprises approximately 0.1% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 11th biggest holding. Donor Advised Charitable Giving Inc.’s holdings in Tesla were worth $3,145,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Consolidated Capital Management LLC acquired a new stake in shares of Tesla in the fourth quarter worth approximately $208,000. Trueblood Wealth Management LLC acquired a new position in shares of Tesla in the 4th quarter valued at $408,000. Diversify Advisory Services LLC grew its stake in shares of Tesla by 3.7% during the 4th quarter. Diversify Advisory Services LLC now owns 32,164 shares of the electric vehicle producer’s stock valued at $12,696,000 after buying an additional 1,147 shares during the period. Diversify Wealth Management LLC increased its holdings in shares of Tesla by 3.6% during the 4th quarter. Diversify Wealth Management LLC now owns 24,950 shares of the electric vehicle producer’s stock worth $9,849,000 after buying an additional 872 shares during the last quarter. Finally, LVW Advisors LLC boosted its holdings in Tesla by 4.1% in the fourth quarter. LVW Advisors LLC now owns 6,575 shares of the electric vehicle producer’s stock valued at $2,655,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 621,886 shares of company stock worth $213,451,751. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TSLA shares. StockNews.com upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Cantor Fitzgerald boosted their price objective on shares of Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho raised shares of Tesla from a “neutral” rating to an “outperform” rating and raised their target price for the company from $230.00 to $515.00 in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price target on shares of Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $304.94.

Tesla Stock Down 0.6 %

NASDAQ:TSLA opened at $424.07 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $391.47 and a 200-day moving average of $290.05. The firm has a market capitalization of $1.36 trillion, a PE ratio of 116.18, a price-to-earnings-growth ratio of 8.60 and a beta of 2.30. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.01 EPS for the current year.

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.