Once Capital Management LLC Makes New $1.49 Million Investment in Tesla, Inc. (NASDAQ:TSLA)

Once Capital Management LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,000 shares of the electric vehicle producer’s stock, valued at approximately $1,491,000. Tesla accounts for 1.1% of Once Capital Management LLC’s holdings, making the stock its 21st largest holding.

Several other large investors have also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC increased its position in shares of Tesla by 2.5% in the fourth quarter. Principle Wealth Partners LLC now owns 19,840 shares of the electric vehicle producer’s stock worth $4,930,000 after purchasing an additional 479 shares during the period. Opinicus Capital Inc. bought a new position in shares of Tesla in the fourth quarter worth $605,000. Unique Wealth Strategies LLC bought a new position in shares of Tesla in the fourth quarter worth $1,237,000. Motley Fool Wealth Management LLC increased its position in shares of Tesla by 9.7% in the fourth quarter. Motley Fool Wealth Management LLC now owns 2,101 shares of the electric vehicle producer’s stock worth $522,000 after purchasing an additional 186 shares during the period. Finally, Private Wealth Partners LLC increased its position in shares of Tesla by 57.8% in the fourth quarter. Private Wealth Partners LLC now owns 10,967 shares of the electric vehicle producer’s stock worth $2,725,000 after purchasing an additional 4,017 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLA. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday. Redburn Atlantic began coverage on Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective on the stock. China Renaissance began coverage on Tesla in a research note on Monday, February 26th. They issued a “hold” rating on the stock. TD Cowen reduced their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Finally, Morgan Stanley reduced their price objective on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $186.70.

Tesla Trading Down 1.1 %

Shares of Tesla stock traded down $1.89 during midday trading on Friday, reaching $168.29. The company had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The stock has a fifty day moving average price of $175.04 and a 200 day moving average price of $207.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. The firm has a market cap of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.39. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29.

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

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla 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 owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is owned by corporate insiders.

About Tesla

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.