F M Investments LLC Buys 16,935 Shares of Tesla, Inc. (NASDAQ:TSLA)

F M Investments LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 58.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,844 shares of the electric vehicle producer’s stock after acquiring an additional 16,935 shares during the period. Tesla makes up approximately 0.7% of F M Investments LLC’s investment portfolio, making the stock its 23rd largest position. F M Investments LLC’s holdings in Tesla were worth $18,514,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TSLA. Norges Bank acquired a new stake in shares of Tesla during the fourth quarter valued at about $14,420,248,000. FMR LLC increased its holdings in Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Tesla by 36,790.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer’s stock worth $3,497,526,000 after purchasing an additional 8,637,195 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Tesla by 4,963.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer’s stock worth $2,356,288,000 after buying an additional 5,719,466 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Tesla by 55,181.0% in the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer’s stock worth $1,769,899,000 after purchasing an additional 4,374,746 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush dropped their price objective on Tesla from $550.00 to $315.00 and set an “outperform” rating on the stock in a research note on Monday. Glj Research reissued a “buy” rating on shares of Tesla in a research note on Tuesday, March 11th. TD Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Truist Financial decreased their target price on shares of Tesla from $373.00 to $280.00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Finally, HSBC reduced their price objective on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday, March 27th. Eight research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has issued 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 a consensus target price of $301.40.

Tesla Stock Up 22.7 %

NASDAQ TSLA opened at $272.20 on Thursday. Tesla, Inc. has a one year low of $138.80 and a one year 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 business has a fifty day moving average price of $290.62 and a 200 day moving average price of $323.14. The company has a market cap of $875.54 billion, a P/E ratio of 133.43, a P/E/G ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA) last issued 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%. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. 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.