Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by True North Advisors LLC

True North Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 69.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,373 shares of the electric vehicle producer’s stock after purchasing an additional 1,792 shares during the quarter. True North Advisors LLC’s holdings in Tesla were worth $1,087,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Financial Group LTD grew its stake in Tesla by 7.3% during the 2nd quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock worth $1,684,000 after buying an additional 438 shares during the last quarter. New Republic Capital LLC bought a new stake in shares of Tesla during the 2nd quarter worth about $429,000. Oak Ridge Investments LLC boosted its stake in Tesla by 4.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after purchasing an additional 1,405 shares in the last quarter. Charter Oak Capital Management LLC grew its holdings in Tesla by 8.9% during the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock worth $318,000 after acquiring an additional 104 shares during the period. Finally, CWM LLC boosted its position in shares of Tesla by 14.4% during the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock valued at $36,717,000 after purchasing an additional 18,462 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of 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 transaction 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 stock in a transaction on Wednesday, February 21st. The stock was 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 in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,598 shares of company stock valued at $36,952,434. 20.90% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $175.22 on Tuesday. The firm has a market cap of $558.04 billion, a PE ratio of 40.65, a P/E/G ratio of 3.97 and a beta of 2.40. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29. The company’s fifty day simple moving average is $186.33 and its 200-day simple moving average is $220.38. 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 (NASDAQ:TSLAGet Free Report) last released 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 during 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%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. Equities research analysts expect that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on TSLA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $298.00 price target on shares of Tesla in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. UBS Group reduced their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, TD Cowen cut their price objective on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $204.63.

Read Our Latest Stock Report on TSLA

About Tesla

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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