Allie Family Office LLC Invests $418,000 in Tesla, Inc. (NASDAQ:TSLA)

Allie Family Office LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,035 shares of the electric vehicle producer’s stock, valued at approximately $418,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Groupama Asset Managment increased its stake in shares of Tesla by 5.2% in the fourth quarter. Groupama Asset Managment now owns 160,575 shares of the electric vehicle producer’s stock worth $67,026,000 after buying an additional 7,875 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Tesla by 27.3% in the 4th quarter. Trexquant Investment LP now owns 139,409 shares of the electric vehicle producer’s stock valued at $56,299,000 after purchasing an additional 29,880 shares in the last quarter. May Hill Capital LLC bought a new position in shares of Tesla during the fourth quarter worth about $706,000. Centric Wealth Management grew its stake in Tesla by 167.1% in the fourth quarter. Centric Wealth Management now owns 3,937 shares of the electric vehicle producer’s stock worth $1,590,000 after purchasing an additional 2,463 shares in the last quarter. Finally, Lokken Investment Group LLC bought a new stake in Tesla in the fourth quarter valued at about $276,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Up 3.6 %

NASDAQ:TSLA opened at $268.46 on Wednesday. The stock has a fifty day simple moving average of $314.87 and a 200 day simple moving average of $323.48. The firm has a market capitalization of $863.51 billion, a price-to-earnings ratio of 131.60, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

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

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock worth $166,849,043. Corporate insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday, March 3rd. Cowen raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Evercore ISI increased their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Cantor Fitzgerald upgraded shares of Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 price target on the stock in a research report on Wednesday, March 19th. Finally, Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $317.75.

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.