Captrust Financial Advisors Acquires 26,223 Shares of Tesla, Inc. (NASDAQ:TSLA)

Captrust Financial Advisors increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,275 shares of the electric vehicle producer's stock after acquiring an additional 26,223 shares during the quarter. Captrust Financial Advisors' holdings in Tesla were worth $120,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Tesla by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after acquiring an additional 3,571,793 shares during the period. Geode Capital Management LLC boosted its holdings in Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank bought a new stake in Tesla in the fourth quarter valued at $14,420,248,000. FMR LLC raised its stake in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $284.40, for a total transaction of $1,137,600.00. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,664,580. The trade was a 12.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 371,228 shares of company stock valued at $111,181,034. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Performance

NASDAQ:TSLA traded up $0.87 during mid-day trading on Wednesday, hitting $276.22. The stock had a trading volume of 71,528,546 shares, compared to its average volume of 95,812,284. The company's 50 day simple moving average is $258.47 and its 200 day simple moving average is $325.98. The stock has a market cap of $889.69 billion, a price-to-earnings ratio of 135.40, a PEG ratio of 5.86 and a beta of 2.43. 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, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

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 analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company posted $0.45 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSLA. Benchmark reissued a "buy" rating and set a $350.00 price target on shares of Tesla in a report on Wednesday, April 23rd. Canaccord Genuity Group reduced their target price on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Glj Research reaffirmed a "sell" rating and set a $19.05 price target (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Piper Sandler set a $400.00 price objective on Tesla in a research note on Tuesday. Finally, Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $287.46.

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.