Harvard Management Co. Inc. Buys Shares of 20,200 Tesla, Inc. (NASDAQ:TSLA)

Harvard Management Co. Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,200 shares of the electric vehicle producer's stock, valued at approximately $8,158,000. Tesla makes up approximately 0.5% of Harvard Management Co. Inc.'s holdings, making the stock its 14th largest position.

Other hedge funds have also recently bought and sold shares of the company. Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. grew its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the fourth quarter worth $38,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Tesla in the 4th quarter valued at $39,000. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of Tesla by 300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 2.4 %

Shares of TSLA stock traded up $6.69 during trading hours on Friday, reaching $287.21. The company had a trading volume of 113,968,586 shares, compared to its average volume of 95,779,003. The company has a market cap of $925.09 billion, a price-to-earnings ratio of 140.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The business has a fifty day simple moving average of $258.82 and a 200-day simple moving average of $324.47.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird dropped their price target on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley reissued a "buy" rating and issued a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $287.46.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 486,618 shares of company stock worth $155,887,459. Insiders own 20.70% of the company's stock.

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.