Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 125.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,472 shares of the electric vehicle producer’s stock after purchasing an additional 15,300 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Tesla were worth $11,094,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Holderness Investments Co. increased its stake in Tesla by 5.6% during the 4th quarter. Holderness Investments Co. now owns 1,838 shares of the electric vehicle producer’s stock valued at $742,000 after purchasing an additional 97 shares in the last quarter. Whittier Trust Co. increased its stake in Tesla by 123.6% during the 4th quarter. Whittier Trust Co. now owns 75,220 shares of the electric vehicle producer’s stock valued at $30,376,000 after purchasing an additional 41,576 shares in the last quarter. BluePointe Capital Management LLC increased its stake in Tesla by 30.2% during the 4th quarter. BluePointe Capital Management LLC now owns 4,799 shares of the electric vehicle producer’s stock valued at $1,938,000 after purchasing an additional 1,114 shares in the last quarter. Condor Capital Management increased its stake in Tesla by 5.1% during the 4th quarter. Condor Capital Management now owns 2,034 shares of the electric vehicle producer’s stock valued at $821,000 after purchasing an additional 99 shares in the last quarter. Finally, Contrarius Group Holdings Ltd acquired a new position in Tesla during the 4th quarter valued at approximately $167,816,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Robert W. Baird cut their price objective on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. UBS Group cut their price objective on shares of Tesla from $259.00 to $225.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Finally, Glj Research reiterated a “buy” rating on shares of Tesla in a research note on Tuesday, March 11th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $319.56.

Tesla Price Performance

Tesla stock opened at $236.26 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a market cap of $759.93 billion, a P/E ratio of 115.81, a PEG ratio of 5.86 and a beta of 2.50. The company has a 50-day moving average price of $338.11 and a 200 day moving average price of $319.44. 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 released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

About Tesla

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.