Armis Advisers LLC Acquires New Position in Tesla, Inc. (NASDAQ:TSLA)

Armis Advisers LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,770 shares of the electric vehicle producer's stock, valued at approximately $1,118,000.

Several other institutional investors have also recently made changes to their positions in TSLA. True Wealth Design LLC raised its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the period. Horrell Capital Management Inc. grew its holdings in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. increased its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC purchased a new stake in Tesla in the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Tesla stock traded up $23.55 during mid-day trading on Tuesday, reaching $362.89. 118,443,476 shares of the company were exchanged, compared to its average volume of 97,589,424. The firm's 50-day simple moving average is $279.40 and its two-hundred day simple moving average is $333.38. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The firm has a market cap of $1.17 trillion, a PE ratio of 177.89, a price-to-earnings-growth 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 (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $0.45 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at $6,833,325.68. This trade represents a 20.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,623 shares of company stock worth $116,650,831. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLA shares. Mizuho increased their price objective on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley reissued a "buy" rating and issued a $430.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Finally, BNP Paribas set a $137.00 price target on shares of Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $293.97.

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.