Neville Rodie & Shaw Inc. Makes New $222,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Neville Rodie & Shaw Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 549 shares of the electric vehicle producer’s stock, valued at approximately $222,000.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC grew its holdings in Tesla by 194.8% during the 4th quarter. Burkett Financial Services LLC now owns 1,135 shares of the electric vehicle producer’s stock worth $458,000 after acquiring an additional 750 shares during the last quarter. CWA Asset Management Group LLC grew its position in Tesla by 1.8% in the 4th quarter. CWA Asset Management Group LLC now owns 23,490 shares of the electric vehicle producer’s stock valued at $9,486,000 after purchasing an additional 417 shares during the period. Nordea Investment Management AB increased its position in shares of Tesla by 17.7% during the fourth quarter. Nordea Investment Management AB now owns 1,227,460 shares of the electric vehicle producer’s stock worth $510,537,000 after acquiring an additional 185,014 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in Tesla by 10.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,779 shares of the electric vehicle producer’s stock worth $1,930,000 after purchasing an additional 440 shares in the last quarter. Finally, Everence Capital Management Inc. raised its position in Tesla by 9.1% in the 4th quarter. Everence Capital Management Inc. now owns 64,790 shares of the electric vehicle producer’s stock valued at $26,165,000 after buying an additional 5,420 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA opened at $411.05 on Tuesday. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 112.62, a PEG ratio of 10.80 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $365.34 and its 200 day moving average is $276.00. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSLA shares. Canaccord Genuity Group lifted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Evercore ISI increased their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $292.97.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 514,886 shares of company stock worth $169,393,831. 20.70% of the stock is currently owned by company 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.