LCM Capital Management Inc Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

LCM Capital Management Inc increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,373 shares of the electric vehicle producer’s stock after acquiring an additional 124 shares during the period. LCM Capital Management Inc’s holdings in Tesla were worth $555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Management Group Inc. acquired a new stake in shares of Tesla during the fourth quarter worth about $298,000. Vestia Personal Wealth Advisors increased its stake in Tesla by 114.3% during the 4th quarter. Vestia Personal Wealth Advisors now owns 2,734 shares of the electric vehicle producer’s stock worth $1,104,000 after buying an additional 1,458 shares during the period. Tectonic Advisors LLC acquired a new stake in Tesla during the 4th quarter worth approximately $257,000. Money Concepts Capital Corp boosted its position in Tesla by 22.8% in the 4th quarter. Money Concepts Capital Corp now owns 5,188 shares of the electric vehicle producer’s stock valued at $2,095,000 after buying an additional 963 shares during the period. Finally, Massachusetts Wealth Management increased its position in shares of Tesla by 32.9% during the fourth quarter. Massachusetts Wealth Management now owns 1,900 shares of the electric vehicle producer’s stock worth $767,000 after acquiring an additional 470 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSLA shares. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Guggenheim reissued a “sell” rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Jefferies Financial Group boosted their price target on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Bank of America lowered shares of Tesla from a “buy” rating to a “neutral” rating and raised their price objective for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $322.29.

Tesla Trading Down 3.4 %

NASDAQ:TSLA opened at $361.62 on Monday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. 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 stock has a fifty day moving average price of $408.27 and a two-hundred day moving average price of $303.93. The stock has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 560,776 shares of company stock valued at $203,744,862 in the last quarter. 20.70% of the stock is currently owned by corporate 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.