Andra AP fonden Has $18.66 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Andra AP fonden raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,200 shares of the electric vehicle producer's stock after purchasing an additional 19,500 shares during the period. Andra AP fonden's holdings in Tesla were worth $18,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Foundry Financial Group Inc. acquired a new position in Tesla during the 4th quarter valued at approximately $205,000. BBR Partners LLC acquired a new position in shares of Tesla during the fourth quarter valued at $386,000. Destination Wealth Management grew its position in shares of Tesla by 74.1% during the fourth quarter. Destination Wealth Management now owns 21,933 shares of the electric vehicle producer's stock worth $8,857,000 after acquiring an additional 9,336 shares during the last quarter. Barden Capital Management Inc. acquired a new stake in shares of Tesla in the 4th quarter worth about $210,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in Tesla by 116.0% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 10,756 shares of the electric vehicle producer's stock valued at $4,344,000 after purchasing an additional 5,776 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Monday, February 10th. Roth Mkm upgraded Tesla from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Barclays raised their price target on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Finally, Guggenheim reaffirmed a "sell" rating on shares of Tesla in a report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus target price of $326.43.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction on 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 completion of the sale, the director now directly owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 422,452 shares of company stock worth $153,659,530. Company insiders own 20.70% of the company's stock.

Tesla Stock Up 3.8 %

NASDAQ:TSLA traded up $8.43 on Tuesday, hitting $230.58. 171,522,861 shares of the company's stock traded hands, compared to its average volume of 86,752,797. The company has a market cap of $741.66 billion, a PE ratio of 113.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $363.87 and a 200-day moving average price of $319.46.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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 analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.