Fidelis Capital Partners LLC Has $3.78 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Fidelis Capital Partners LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,212 shares of the electric vehicle producer’s stock after buying an additional 2,687 shares during the period. Tesla makes up about 0.8% of Fidelis Capital Partners LLC’s portfolio, making the stock its 22nd largest position. Fidelis Capital Partners LLC’s holdings in Tesla were worth $3,780,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Lam Group Inc. bought a new position in Tesla during the fourth quarter worth about $25,000. Alpha Paradigm Partners LLC bought a new position in shares of Tesla in the third quarter valued at approximately $27,000. Perkins Coie Trust Co boosted its position in shares of Tesla by 72.0% in the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 54 shares during the period. Finally, Mendota Financial Group LLC raised its stake in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $5.52 during trading on Thursday, hitting $149.93. The company’s stock had a trading volume of 95,522,509 shares, compared to its average volume of 101,837,430. The company has a 50-day moving average of $180.24 and a 200-day moving average of $212.64. Tesla, Inc. has a 12 month low of $148.70 and a 12 month high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a market cap of $477.50 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 4.15 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research note on Wednesday. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Truist Financial cut their price target 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. Finally, KGI Securities reiterated a “neutral” rating and issued a $213.00 price target (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $194.70.

Tesla 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.