Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Capital International Investors

Capital International Investors lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,156,886 shares of the electric vehicle producer’s stock after acquiring an additional 264,906 shares during the period. Capital International Investors’ holdings in Tesla were worth $467,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. grew its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 4th quarter valued at about $38,000. Delos Wealth Advisors LLC boosted its stake in shares of Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock worth $40,000 after buying an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new stake in Tesla during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction 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 transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock valued at $123,791,123 over the last 90 days. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TSLA. Stifel Nicolaus dropped their price objective on shares of Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Morgan Stanley decreased their price objective on shares of Tesla from $430.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. TD Cowen upgraded Tesla from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Finally, Mizuho reduced their price target on Tesla from $430.00 to $375.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $292.18.

Tesla Stock Down 0.2 %

TSLA stock opened at $241.17 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a market cap of $775.71 billion, a PE ratio of 118.22, a PEG ratio of 5.86 and a beta of 2.58. The firm’s 50 day moving average price is $273.93 and its 200-day moving average price is $322.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla 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.