Thompson Davis & CO. Inc. Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Thompson Davis & CO. Inc. increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,368 shares of the electric vehicle producer’s stock after acquiring an additional 333 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Tesla were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of Tesla during the 3rd quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Tesla in the fourth quarter worth about $46,000. PayPay Securities Corp boosted its position in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after acquiring an additional 69 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Tesla during the 3rd quarter worth approximately $35,000. Finally, Finley Financial LLC bought a new position in shares of Tesla in the 4th quarter worth approximately $64,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is owned by company insiders.

Tesla Price Performance

NASDAQ TSLA opened at $330.53 on Tuesday. The company has a 50-day moving average price of $397.52 and a 200-day moving average price of $314.96. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.06 trillion, a P/E ratio of 162.03, a PEG ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on TSLA. Royal Bank of Canada reaffirmed a “mixed” rating on shares of Tesla in a research note on Saturday, February 8th. Robert W. Baird reduced their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus decreased their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Jefferies Financial Group boosted their price objective on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Finally, Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $319.57.

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.