Dupont Capital Management Corp Invests $7.05 Million in Tesla, Inc. (NASDAQ:TSLA)

Dupont Capital Management Corp purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 28,382 shares of the electric vehicle producer’s stock, valued at approximately $7,052,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Welch Group LLC lifted its stake in shares of Tesla by 5.9% in the fourth quarter. Welch Group LLC now owns 1,508 shares of the electric vehicle producer’s stock worth $375,000 after acquiring an additional 84 shares during the period. My Personal CFO LLC lifted its stake in shares of Tesla by 22.2% in the fourth quarter. My Personal CFO LLC now owns 1,321 shares of the electric vehicle producer’s stock worth $328,000 after acquiring an additional 240 shares during the period. Bell Bank lifted its stake in shares of Tesla by 28.2% in the fourth quarter. Bell Bank now owns 4,094 shares of the electric vehicle producer’s stock worth $1,017,000 after acquiring an additional 901 shares during the period. Drive Wealth Management LLC lifted its stake in shares of Tesla by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 7,130 shares of the electric vehicle producer’s stock worth $1,772,000 after acquiring an additional 306 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its stake in Tesla by 3.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 38,647 shares of the electric vehicle producer’s stock valued at $9,603,000 after buying an additional 1,245 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s 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 transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders sold 198,598 shares of company stock worth $36,952,434. Corporate insiders own 20.90% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “underweight” rating and issued a $125.00 price target on shares of Tesla in a research note on Monday. Canaccord Genuity Group lowered their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group lowered their target price on Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $203.89.

Check Out Our Latest Report on TSLA

Tesla Price Performance

Shares of Tesla stock opened at $166.63 on Wednesday. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The business has a 50-day moving average price of $185.65 and a 200 day moving average price of $219.67. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market cap of $530.68 billion, a PE ratio of 38.66, a P/E/G ratio of 4.06 and a beta of 2.39.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data 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 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Tesla’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Tesla, Inc. will post 2.38 earnings per share for the current fiscal year.

Tesla Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.