Intellectus Partners LLC Has $16.51 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Intellectus Partners LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,432 shares of the electric vehicle producer’s stock after purchasing an additional 945 shares during the period. Tesla accounts for about 4.8% of Intellectus Partners LLC’s holdings, making the stock its 2nd largest holding. Intellectus Partners LLC’s holdings in Tesla were worth $16,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wyrmwood Management LLC bought a new position in shares of Tesla in the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew its stake in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in shares of Tesla in the 3rd quarter worth approximately $53,000. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 1.1 %

TSLA traded down $1.89 on Friday, hitting $168.29. The company had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The company has a market cap of $536.71 billion, a PE ratio of 42.93, a PEG ratio of 4.45 and a beta of 2.39. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $175.04 and its 200 day simple moving average is $207.61.

Tesla (NASDAQ:TSLA) last released 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 return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research note on Monday, April 22nd. China Renaissance assumed coverage on Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Sanford C. Bernstein cut their target price on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Finally, UBS Group lowered their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $186.70.

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.