Chicago Capital LLC Raises Position in Tesla, Inc. (NASDAQ:TSLA)
Chicago Capital LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 435.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,416 shares of the electric vehicle producer's stock a Chicago Capital LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 435.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 14,416 shares of the electric vehicle producer's stock after purchasing an additional 11,726 shares during the quarter. Chicago Capital LLC's holdings were worth $3,582,000. Other institutional investors have also bought and sold shares of Tesla. Tesla, which reported a miss in Q1, missed analysts' expectations for Q4, missing $0.71 earnings. The company's revenue was $25.17 billion, compared to $2525.25.
Published : a month ago by MarketBeat in Finance Auto
Chicago Capital LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 435.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,416 shares of the electric vehicle producer's stock after purchasing an additional 11,726 shares during the quarter. Chicago Capital LLC's holdings in Tesla were worth $3,582,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in Tesla in the 3rd quarter worth approximately $25,000. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $25,000. Halpern Financial Inc. raised its position in shares of Tesla by 1,111.1% during the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 100 shares during the period. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla during the 3rd quarter valued at approximately $27,000. Finally, MayTech Global Investments LLC purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $30,000. 66.20% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares of the company's stock, valued at $2,631,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction 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 directly owns 63,171 shares of the company's stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,598 shares of company stock worth $36,952,434. Corporate insiders own 20.90% of the company's stock.
Shares of TSLA stock opened at $175.22 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $186.33 and a 200 day moving average price of $220.38. The company has a market cap of $558.04 billion, a P/E ratio of 40.65, a PEG ratio of 3.97 and a beta of 2.40. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Sell-side analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.
• Tesla Is the Analyst's Most Downgraded Stock: How Low Can It Go?
Several research firms have recently commented on TSLA. Redburn Atlantic began coverage on shares of Tesla in a research report on Wednesday, January 24th. They set a "sell" rating and a $170.00 price target on the stock. Mizuho reaffirmed a "neutral" rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. Piper Sandler reduced their price target on shares of Tesla from $295.00 to $225.00 and set an "overweight" rating on the stock in a research report on Monday, February 5th. Jefferies Financial Group dropped their target price on shares of Tesla from $225.00 to $185.00 and set a "hold" rating for the company in a report on Monday, January 29th. Finally, Truist Financial dropped their target price on shares of Tesla from $227.00 to $193.00 and set a "hold" rating for the company in a report on Thursday, January 25th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $204.63.
Check Out Our Latest Report on TSLA
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.
• Five stocks we like better than Tesla
• Which Wall Street Analysts are the Most Accurate?
• Analysts are Bullish on These 4 Oversold Large Cap Stocks
• Health Care Stocks Explained: Why You Might Want to Invest
• 5 Tech Stocks to Buy Now, Ahead of the Q1 Reports
• What is the FTSE 100 index?
• 5 Cheap Dividend Stocks: Which to Buy Now
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in Tesla right now?
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Topics: Markets