DeDora Capital Inc. Has $4.59 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

DeDora Capital Inc. cut its position in Tesla, Inc. (NASDAQ:TSLA) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,465 shares of the electric vehicle producer’s stock after selling 194 shares during the quarter. Tesla makes up about 1.6% of DeDora Capital Inc.’s holdings, making the stock its 17th biggest position. DeDora Capital Inc.’s holdings in Tesla were worth $4,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Tesla in the 3rd quarter valued at $25,000. Wyrmwood Management LLC bought a new position in shares of Tesla during the 4th quarter worth about $25,000. Halpern Financial Inc. lifted its holdings in shares of Tesla by 1,111.1% during the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 100 shares during the period. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the 3rd quarter worth about $27,000. Finally, MayTech Global Investments LLC bought a new position in shares of Tesla during the 4th quarter worth about $30,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 2.2 %

NASDAQ TSLA traded down $4.04 during trading on Thursday, reaching $175.79. 77,386,336 shares of the stock traded hands, compared to its average volume of 102,682,047. The firm has a market cap of $559.85 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. The stock’s 50-day moving average price is $187.78 and its 200 day moving average price 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. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Analysts predict that Tesla, Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Wells Fargo & Company downgraded shares of Tesla from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $200.00 to $125.00 in a report on Wednesday, March 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 price objective on shares of Tesla in a report on Wednesday. Mizuho reissued a “neutral” rating and set a $195.00 price target (down from $270.00) on shares of Tesla in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $204.63.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on 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 sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is currently owned by company 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.