Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,994 shares of the electric vehicle producer's stock after buying an additional 1,228 shares during the period. Benjamin Edwards Inc.'s holdings in Tesla were worth $17,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the fourth quarter worth $56,600,000. Stephens Consulting LLC grew its holdings in Tesla by 126.7% in the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after buying an additional 891 shares during the period. Worth Asset Management LLC lifted its holdings in shares of Tesla by 383.1% during the 4th quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after acquiring an additional 6,593 shares during the period. Strategic Family Wealth Counselors L.L.C. increased its position in Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $8,158,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TSLA shares. Wedbush reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Tesla in a research report on Thursday. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Morgan Stanley reiterated a "buy" rating and issued a $430.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $287.46.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $24,274,300. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 367,228 shares of company stock worth $110,043,434 in the last three months. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of Tesla stock traded down $6.95 during trading on Monday, hitting $280.26. 94,292,405 shares of the stock were exchanged, compared to its average volume of 95,855,506. The stock has a market cap of $902.71 billion, a PE ratio of 137.38, a P/E/G ratio of 5.86 and a beta of 2.43. The stock's fifty day moving average is $258.60 and its 200 day moving average is $326.33. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the company posted $0.45 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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.