Onefund LLC Acquires 202 Shares of Tesla, Inc. (NASDAQ:TSLA)

Onefund LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,476 shares of the electric vehicle producer’s stock after purchasing an additional 202 shares during the period. Tesla accounts for 2.9% of Onefund LLC’s holdings, making the stock its 6th biggest holding. Onefund LLC’s holdings in Tesla were worth $3,019,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Tesla during the third quarter worth $29,000. Peterson Financial Group Inc. bought a new position in Tesla during the third quarter worth $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the fourth quarter worth $46,000. PayPay Securities Corp raised its stake in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the last quarter. Finally, Finley Financial LLC bought a new position in Tesla during the fourth quarter worth $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This represents a 4.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction 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 $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 403,996 shares of company stock valued at $153,721,387. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Benchmark initiated coverage on shares of Tesla in a research note on Wednesday, February 12th. They set a “buy” rating and a $475.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Wedbush set a $302.80 price target on shares of Tesla in a research note on Wednesday, February 26th. Truist Financial lifted their price target on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, Glj Research reaffirmed a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $318.77.

Tesla Stock Performance

Tesla stock opened at $293.33 on Monday. The firm’s 50 day simple moving average is $385.35 and its 200 day simple moving average is $317.51. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $943.49 billion, a PE ratio of 143.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

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