Jupiter Asset Management Ltd. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Key Points

• Jupiter Asset Management Ltd. increased its holdings in Tesla, Inc. by 13.2%, acquiring an additional 26,148 shares, now totaling 224,473 shares valued at approximately $58.17 million.
• Several large investors also made moves in Tesla stock during Q4, with Hedge funds owning 66.20% of the company's stock and significant purchases from firms like Eagle Capital Management and Brighton Jones LLC.
• Tesla recently reported a net margin of 6.54% with earnings of $0.40 per share for its latest quarter, missing analyst estimates amid a decrease in revenue year-over-year.

Jupiter Asset Management Ltd. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,473 shares of the electric vehicle producer's stock after acquiring an additional 26,148 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Tesla were worth $58,174,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TSLA. Eagle Capital Management LLC purchased a new position in Tesla in the fourth quarter worth $331,000. Brighton Jones LLC increased its position in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $346,000. Finally, Highview Capital Management LLC DE purchased a new position in shares of Tesla in the fourth quarter valued at $2,367,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Tesla stock opened at $302.63 on Friday. The stock's 50 day moving average price is $322.22 and its 200 day moving average price is $311.84. The firm has a market capitalization of $976.12 billion, a PE ratio of 174.93, a price-to-earnings-growth ratio of 10.83 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same period last year, the firm posted $0.52 earnings per share. The business's revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. The trade was a 18.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of Tesla stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 5,924 shares in the company, valued at $1,777,200. This represents a 25.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 719,119 shares of company stock valued at $246,186,549 over the last 90 days. 20.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research analyst reports. Argus restated a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Canaccord Genuity Group raised their price target on Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Mizuho dropped their price target on Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Baird R W cut Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Finally, Robert W. Baird restated a "neutral" rating and issued a $320.00 price target on shares of Tesla in a research report on Monday, June 9th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $303.31.

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.

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