S.A. Mason LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

S.A. Mason LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,188 shares of the electric vehicle producer’s stock after buying an additional 66 shares during the quarter. S.A. Mason LLC’s holdings in Tesla were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Tesla in the third quarter valued at about $25,000. Wyrmwood Management LLC acquired a new stake in Tesla during the fourth quarter worth approximately $25,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Tesla during the third quarter worth about $27,000. Halpern Financial Inc. raised its position in Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its stake in shares of Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 198,598 shares of company stock valued at $36,952,434 in the last three months. Company insiders own 20.90% of the company’s stock.

Tesla Stock Up 1.2 %

TSLA opened at $179.83 on Thursday. The company has a market capitalization of $572.72 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. The business has a 50-day moving average of $188.49 and a 200-day moving average of $222.36. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

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

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $245.00 to $195.00 in a research report on Tuesday, February 6th. Mizuho restated a “neutral” rating and set a $195.00 price objective (down from $270.00) on shares of Tesla in a research report on Monday. Guggenheim raised their price target on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $298.00 price target on shares of Tesla in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $320.00 price objective on shares of Tesla in a research note on Wednesday. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $207.04.

Tesla Company 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.