Noesis Capital Mangement Corp Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

Noesis Capital Mangement Corp grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,778 shares of the electric vehicle producer’s stock after purchasing an additional 1,000 shares during the period. Tesla makes up about 1.9% of Noesis Capital Mangement Corp’s portfolio, making the stock its 23rd biggest holding. Noesis Capital Mangement Corp’s holdings in Tesla were worth $8,145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wyrmwood Management LLC purchased a new stake in Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla in the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC raised its position in Tesla by 202.2% during 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. lifted its stake in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Cordant Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA stock traded up $1.18 during trading hours on Friday, reaching $181.19. The company had a trading volume of 75,491,539 shares, compared to its average volume of 112,969,304. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a market capitalization of $577.85 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.71 and a beta of 2.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a fifty day moving average of $173.85 and a 200-day moving average of $205.42.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada lowered their target price on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Jefferies Financial Group lowered their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $185.90.

Insider Buying and Selling at Tesla

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 of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last three months. 25.10% of the stock is owned by corporate insiders.

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.