Crew Capital Management Ltd. Has $2.09 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Crew Capital Management Ltd. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 43.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,168 shares of the electric vehicle producer’s stock after acquiring an additional 1,565 shares during the period. Tesla accounts for about 1.7% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 9th largest holding. Crew Capital Management Ltd.’s holdings in Tesla were worth $2,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Tesla during the 3rd quarter valued at approximately $29,000. Peterson Financial Group Inc. bought a new position in Tesla during the 3rd quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the 4th quarter valued at approximately $46,000. PayPay Securities Corp increased its position in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after buying an additional 69 shares in the last quarter. Finally, Finley Financial LLC bought a new position in Tesla during the 4th quarter valued at approximately $64,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now owns 85,000 shares in the company, valued at $25,466,850. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 422,386 shares of company stock worth $153,916,675 in the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TSLA shares. Evercore ISI raised their price objective on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. Glj Research reissued a “sell” rating and issued a $24.86 target price on shares of Tesla in a report on Wednesday, February 12th. Wedbush set a $302.80 target price on Tesla in a report on Wednesday, February 26th. Barclays lifted their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued a “mixed” rating on shares of Tesla in a report on Saturday, February 8th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $315.33.

Tesla Price Performance

TSLA opened at $279.10 on Thursday. The company has a fifty day simple moving average of $374.97 and a 200 day simple moving average of $318.13. The firm has a market cap of $897.73 billion, a price-to-earnings ratio of 136.81, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.