Quad Capital Management Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA) by 128.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the electric vehicle producer’s stock after purchasing an additional 4,500 shares during the period. Tesla comprises about 1.0% of Quad Capital Management Advisors LLC’s holdings, making the stock its 13th largest position. Quad Capital Management Advisors LLC’s holdings in Tesla were worth $2,491,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new position in Tesla in the 3rd quarter worth about $100,000. Truewealth LLC acquired a new position in Tesla in the 4th quarter worth about $102,000. Mckinley Capital Management LLC Delaware acquired a new position in Tesla in the 3rd quarter worth about $106,000. Avestar Capital LLC acquired a new position in Tesla in the 4th quarter worth about $144,000. Finally, FDx Advisors Inc. acquired a new position in Tesla in the 4th quarter worth about $203,000. 58.19% of the stock is currently owned by institutional investors.
In other Tesla news, VP Eric Branderiz sold 401 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $353.50, for a total value of $141,753.50. Following the completion of the sale, the vice president now owns 1,248 shares in the company, valued at approximately $441,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $321.41, for a total value of $321,410.00. Following the completion of the sale, the vice president now owns 20,561 shares of the company’s stock, valued at approximately $6,608,511.01. The disclosure for this sale can be found here. Insiders sold a total of 4,654 shares of company stock valued at $1,559,211 in the last quarter. Corporate insiders own 23.10% of the company’s stock.
Shares of NASDAQ:TSLA opened at $299.30 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. Tesla, Inc. has a twelve month low of $244.59 and a twelve month high of $389.61. The company has a market cap of $48,469.88, a P/E ratio of -26.07 and a beta of 1.19.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned ($0.69) EPS. The company’s quarterly revenue was up 43.9% on a year-over-year basis. equities research analysts forecast that Tesla, Inc. will post -15.15 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. BidaskClub raised Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Vetr lowered Tesla from a “hold” rating to a “sell” rating and set a $341.15 target price on the stock. in a research report on Monday, February 26th. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. KeyCorp reissued a “hold” rating on shares of Tesla in a report on Tuesday, March 13th. Finally, Piper Jaffray set a $385.00 price objective on Tesla and gave the company a “buy” rating in a report on Thursday, February 8th. Thirteen research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. Tesla currently has a consensus rating of “Hold” and an average target price of $313.57.
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Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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