DeDora Capital Inc. Sells 194 Shares of Tesla, Inc. (NASDAQ:TSLA)

DeDora Capital Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,465 shares of the electric vehicle producer’s stock after selling 194 shares during the quarter. Tesla comprises 1.6% of DeDora Capital Inc.’s investment portfolio, making the stock its 17th biggest position. DeDora Capital Inc.’s holdings in Tesla were worth $4,588,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Sandbox Financial Partners LLC lifted its holdings in Tesla by 40.4% during the 4th quarter. Sandbox Financial Partners LLC now owns 1,478 shares of the electric vehicle producer’s stock worth $367,000 after buying an additional 425 shares during the last quarter. Yarger Wealth Strategies LLC acquired a new position in Tesla in the 4th quarter valued at about $200,000. Elwood & Goetz Wealth Advisory Group LLC increased its position in Tesla by 9.4% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,581 shares of the electric vehicle producer’s stock worth $393,000 after purchasing an additional 136 shares during the period. Transform Wealth LLC boosted its stake in shares of Tesla by 16.3% during the 4th quarter. Transform Wealth LLC now owns 4,683 shares of the electric vehicle producer’s stock worth $1,164,000 after acquiring an additional 657 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its stake in Tesla by 9.3% in the 4th quarter. Johnson Bixby & Associates LLC now owns 2,925 shares of the electric vehicle producer’s stock valued at $727,000 after buying an additional 250 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TSLA shares. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $218.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird reissued an “outperform” rating and issued a $300.00 target price on shares of Tesla in a report on Thursday, January 25th. Finally, Mizuho restated a “neutral” rating and issued a $195.00 price target (down previously from $270.00) on shares of Tesla in a research note on Monday. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $204.63.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $4.04 during mid-day trading on Thursday, reaching $175.79. 77,386,336 shares of the company were exchanged, compared to its average volume of 102,682,047. The company’s 50-day simple moving average is $187.78 and its 200-day simple moving average is $222.06. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $559.85 billion, a P/E ratio of 40.79, a P/E/G ratio of 4.01 and a beta of 2.41. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is owned by insiders.

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.