Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 13.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,778 shares of the electric vehicle producer’s stock after purchasing an additional 324 shares during the quarter. Stonegate Investment Group LLC’s holdings in Tesla were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Tesla during the 2nd quarter valued at $48,000. Central Pacific Bank Trust Division raised its position in Tesla by 1,179.9% in the third quarter. Central Pacific Bank Trust Division now owns 4,339 shares of the electric vehicle producer’s stock valued at $1,135,000 after purchasing an additional 4,000 shares during the period. Czech National Bank lifted its stake in shares of Tesla by 6.9% during the third quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer’s stock worth $147,892,000 after purchasing an additional 36,544 shares in the last quarter. Curbstone Financial Management Corp acquired a new stake in shares of Tesla in the third quarter valued at about $470,000. Finally, Unique Wealth LLC raised its holdings in shares of Tesla by 4.1% during the 3rd quarter. Unique Wealth LLC now owns 2,111 shares of the electric vehicle producer’s stock valued at $552,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho reaffirmed an “outperform” rating and issued a $515.00 price objective on shares of Tesla in a research report on Thursday. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday. Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Morgan Stanley lifted their target price on Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $440.00 price target on shares of Tesla in a report on Thursday. Nine investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $318.31.

Tesla Stock Up 1.1 %

TSLA stock opened at $404.60 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $403.18 and its 200 day simple moving average is $297.99. The stock has a market cap of $1.30 trillion, a PE ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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 10.54%. As a group, sell-side analysts predict that Tesla, Inc. will post 2.82 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $31,548,461.84. This trade represents a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 553,386 shares of company stock worth $196,305,796. 20.70% of the stock is owned by company insiders.

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.