Annapolis Financial Services LLC Purchases 166 Shares of Tesla, Inc. (NASDAQ:TSLA)

Annapolis Financial Services LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 128.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 295 shares of the electric vehicle producer’s stock after buying an additional 166 shares during the quarter. Annapolis Financial Services LLC’s holdings in Tesla were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla during the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new stake in shares of Tesla during the fourth quarter valued at approximately $25,000. Alpha Paradigm Partners LLC bought a new stake in shares of Tesla during the third quarter valued at approximately $27,000. MayTech Global Investments LLC bought a new stake in shares of Tesla during the fourth quarter valued at approximately $30,000. Finally, Mendota Financial Group LLC boosted its holdings in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,098 shares of company stock worth $38,802,534. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA traded down $2.88 on Friday, reaching $147.05. The company had a trading volume of 87,074,500 shares, compared to its average volume of 89,857,384. 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 stock has a market capitalization of $468.32 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 3.89 and a beta of 2.39. The firm’s 50 day moving average price is $178.51 and its 200 day moving average price is $211.23. Tesla, Inc. has a 12 month low of $146.22 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TSLA. KGI Securities restated a “neutral” rating and issued a $213.00 target price (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. Truist Financial dropped their target price on shares of Tesla from $193.00 to $176.00 and set a “hold” rating on the stock in a report on Wednesday, April 3rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. Piper Sandler dropped their target price on shares of Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Finally, China Renaissance assumed coverage on shares of Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $194.70.

Read Our Latest Report on Tesla

About Tesla

(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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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