601 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Ferguson Shapiro LLC

Ferguson Shapiro LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 601 shares of the electric vehicle producer’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Equita Financial Network Inc. acquired a new position in Tesla during the fourth quarter worth $344,000. TLW Wealth Management LLC boosted its position in shares of Tesla by 145.1% during the 4th quarter. TLW Wealth Management LLC now owns 12,235 shares of the electric vehicle producer’s stock valued at $4,941,000 after acquiring an additional 7,244 shares during the last quarter. Defender Capital LLC. grew its holdings in shares of Tesla by 68.5% in the fourth quarter. Defender Capital LLC. now owns 9,427 shares of the electric vehicle producer’s stock valued at $3,807,000 after purchasing an additional 3,831 shares during the period. Invesco LLC acquired a new stake in Tesla during the fourth quarter worth about $214,000. Finally, Swedbank AB raised its stake in Tesla by 2.8% during the fourth quarter. Swedbank AB now owns 1,129,432 shares of the electric vehicle producer’s stock worth $456,110,000 after purchasing an additional 30,715 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA stock opened at $404.60 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.30 trillion, a P/E ratio of 198.33, a PEG ratio of 8.08 and a beta of 2.30. The business has a 50 day simple moving average of $404.22 and a 200-day simple moving average of $299.34. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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 10.54%. As a group, equities analysts anticipate that Tesla, Inc. will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Wells Fargo & Company lifted their price target on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday. Canaccord Genuity Group lifted their target price on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $365.00 price target on shares of Tesla in a report on Wednesday, January 29th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $318.31.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $300.37, for a total value of $2,402,960.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $31,548,461.84. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock valued at $196,305,796 in the last ninety days. Insiders own 20.70% of the company’s stock.

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.