Jackson Hole Capital Partners LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Jackson Hole Capital Partners LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 917 shares of the electric vehicle producer’s stock after buying an additional 83 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Tesla were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its holdings in shares of Tesla by 18.8% during the third quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer’s stock worth $232,000 after buying an additional 146 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Tesla by 73.8% during the third quarter. Exchange Traded Concepts LLC now owns 7,430 shares of the electric vehicle producer’s stock worth $1,859,000 after buying an additional 3,156 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Tesla by 39.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,370 shares of the electric vehicle producer’s stock worth $343,000 after buying an additional 391 shares during the last quarter. Welch Group LLC grew its holdings in shares of Tesla by 6.2% during the third quarter. Welch Group LLC now owns 1,424 shares of the electric vehicle producer’s stock worth $356,000 after buying an additional 83 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its holdings in shares of Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after buying an additional 42 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ TSLA traded down $1.89 during trading hours on Friday, reaching $168.29. The company’s stock had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $175.67 and a 200 day simple moving average of $208.64. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The stock has a market cap of $535.97 billion, a PE ratio of 43.44, a PEG ratio of 4.28 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the business posted $1.07 EPS. Tesla’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday. Piper Sandler reissued an “overweight” rating and set a $205.00 price target on shares of Tesla in a research note on Monday. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday. HSBC decreased their price target on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research note on Wednesday. Finally, Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.70.

Insider Buying and Selling at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by company 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.