Smartleaf Asset Management LLC Has $10.42 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Smartleaf Asset Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 38.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,957 shares of the electric vehicle producer’s stock after acquiring an additional 6,910 shares during the quarter. Tesla accounts for 1.1% of Smartleaf Asset Management LLC’s portfolio, making the stock its 8th biggest position. Smartleaf Asset Management LLC’s holdings in Tesla were worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in Tesla in the third quarter worth $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla in the fourth quarter worth $46,000. PayPay Securities Corp boosted its position in Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter worth $35,000. Finally, Finley Financial LLC purchased a new position in Tesla in the fourth quarter worth $64,000. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Evercore ISI upped their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. Guggenheim reissued a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Monday, February 10th. Finally, Wedbush set a $302.80 price objective on Tesla in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $318.77.

Tesla Trading Down 2.8 %

NASDAQ TSLA opened at $284.65 on Tuesday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week 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 50 day simple moving average of $382.44 and a two-hundred day simple moving average of $318.01. The stock has a market cap of $915.58 billion, a P/E ratio of 139.53, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 403,996 shares of company stock worth $153,721,387. 20.70% of the stock is currently owned by company 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.