Tesla, Inc. (NASDAQ:TSLA) is Sage Rhino Capital LLC’s 10th Largest Position

Sage Rhino Capital LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,849 shares of the electric vehicle producer’s stock after purchasing an additional 617 shares during the period. Tesla comprises approximately 2.3% of Sage Rhino Capital LLC’s portfolio, making the stock its 10th largest position. Sage Rhino Capital LLC’s holdings in Tesla were worth $10,439,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Auxano Advisors LLC lifted its position in shares of Tesla by 0.5% during the 4th quarter. Auxano Advisors LLC now owns 32,706 shares of the electric vehicle producer’s stock worth $13,208,000 after purchasing an additional 160 shares during the last quarter. Keystone Wealth Services LLC lifted its position in shares of Tesla by 2.4% during the 4th quarter. Keystone Wealth Services LLC now owns 6,726 shares of the electric vehicle producer’s stock worth $2,716,000 after purchasing an additional 159 shares during the last quarter. Amara Financial LLC. purchased a new stake in shares of Tesla during the 4th quarter worth $241,000. Garrett Wealth Advisory Group LLC lifted its position in shares of Tesla by 2.4% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 1,401 shares of the electric vehicle producer’s stock worth $566,000 after purchasing an additional 33 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of Tesla by 30.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 19,563 shares of the electric vehicle producer’s stock worth $7,506,000 after purchasing an additional 4,509 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 4.4 %

TSLA stock opened at $272.11 on Wednesday. The company has a market cap of $875.24 billion, a P/E ratio of 133.39, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company’s 50-day moving average price is $378.63 and its 200 day moving average price is $318.40. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSLA shares. Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Wednesday, February 12th. Barclays lifted their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Canaccord Genuity Group lifted their price target on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research note on Monday. Finally, Wedbush set a $302.80 price target on shares of Tesla in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $315.33.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 303,996 shares of company stock valued at $118,467,387 over the last quarter. Corporate insiders own 20.70% of the company’s stock.

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.