3,094 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,094 shares of the electric vehicle producer's stock, valued at approximately $1,249,000. Tesla makes up approximately 1.5% of CTC Alternative Strategies Ltd.'s holdings, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Norges Bank bought a new position in Tesla during the fourth quarter worth $14,420,248,000. FMR LLC increased 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 valued at $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Tesla by 36,790.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after purchasing an additional 8,637,195 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after buying an additional 5,719,466 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after buying an additional 5,075,418 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Raymond James downgraded Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Glj Research reissued a "sell" rating and set a $19.05 price target (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Finally, Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Stock Performance

NASDAQ TSLA traded down $1.73 during trading hours on Wednesday, reaching $361.16. 48,410,921 shares of the company were exchanged, compared to its average volume of 97,401,849. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The business's 50 day simple moving average is $281.93 and its 200-day simple moving average is $333.59. The stock has a market capitalization of $1.16 trillion, a P/E ratio of 176.94, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the transaction, the chief financial officer now owns 23,084 shares of the company's stock, valued at $6,833,325.68. The trade was a 20.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia purchased 4,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the acquisition, the director now owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 415,623 shares of company stock worth $116,650,831. 20.70% of the stock is owned by corporate insiders.

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.