BCM Advisors LLC Makes New $226,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

BCM Advisors LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 597 shares of the electric vehicle producer’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc boosted its stake in shares of Tesla by 8.0% in the 4th quarter. Atria Investments Inc now owns 112,095 shares of the electric vehicle producer’s stock worth $45,268,000 after buying an additional 8,299 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Tesla by 13.9% in the 4th quarter. Assetmark Inc. now owns 304,380 shares of the electric vehicle producer’s stock worth $122,921,000 after buying an additional 37,033 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Tesla by 320.7% in the 4th quarter. NewSquare Capital LLC now owns 387 shares of the electric vehicle producer’s stock worth $156,000 after buying an additional 295 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Tesla by 9.4% in the 4th quarter. J.Safra Asset Management Corp now owns 14,070 shares of the electric vehicle producer’s stock worth $5,873,000 after buying an additional 1,207 shares during the last quarter. Finally, Oak Grove Capital LLC boosted its stake in shares of Tesla by 1.4% in the 4th quarter. Oak Grove Capital LLC now owns 4,817 shares of the electric vehicle producer’s stock worth $1,945,000 after buying an additional 67 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 2.6 %

Shares of NASDAQ TSLA opened at $279.10 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market capitalization of $897.73 billion, a price-to-earnings ratio of 136.81, a PEG ratio of 5.86 and a beta of 2.50. The stock has a 50 day moving average price of $374.97 and a 200 day moving average price of $318.13. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 422,386 shares of company stock valued at $153,916,675. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSLA shares. Guggenheim reiterated a “sell” rating on shares of Tesla in a research report on Tuesday, February 25th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus lowered their target price on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday. Finally, Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $315.33.

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.