CIBC Capital Markets Europe S.A. Purchases Shares of 27,100 Tesla, Inc. (NASDAQ:TSLA)

CIBC Capital Markets Europe S.A. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,100 shares of the electric vehicle producer's stock, valued at approximately $10,944,000. Tesla comprises about 15.0% of CIBC Capital Markets Europe S.A.'s portfolio, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC raised its position in Tesla by 1,248.9% in the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after purchasing an additional 184,459 shares during the period. Destination Wealth Management raised its position in Tesla by 12.1% in the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after purchasing an additional 1,359 shares during the period. Vinva Investment Management Ltd raised its position in Tesla by 59.2% in the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after purchasing an additional 43,685 shares during the period. MML Investors Services LLC raised its position in Tesla by 3.3% in the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after purchasing an additional 9,919 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in Tesla by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after purchasing an additional 1,741 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Roth Capital raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Jefferies Financial Group lifted their target price on Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their target price on Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their target price on Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Glj Research reaffirmed a "sell" rating and set a $24.86 target price on shares of Tesla in a research report on Friday, January 3rd. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $322.29.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $12.70 during midday trading on Friday, hitting $361.62. 69,251,467 shares of the company's stock were exchanged, compared to its average volume of 67,880,264. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock's 50 day moving average price is $408.27 and its 200-day moving average price is $303.93. The firm has a market cap of $1.16 trillion, a P/E ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 664,776 shares of company stock worth $239,746,862. Company insiders own 20.70% of the company's stock.

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.