Pandora Wealth Inc. bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,000 shares of the electric vehicle producer's stock, valued at approximately $259,000.
Several other large investors also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Tesla in the fourth quarter valued at about $56,600,000. Means Investment CO. Inc. boosted its stake in Tesla by 37.7% in the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after buying an additional 6,323 shares in the last quarter. Focus Financial Network Inc. boosted its stake in Tesla by 3.1% in the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after buying an additional 670 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Tesla by 8.5% in the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock valued at $153,436,000 after buying an additional 46,087 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in Tesla in the fourth quarter valued at about $8,158,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the transaction, the chief financial officer owned 1,950 shares of the company's stock, valued at approximately $664,989. The trade was a 75.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 602,724 shares of company stock worth $214,176,831 in the last ninety days. Company insiders own 20.70% of the company's stock.
Tesla Stock Up 2.3%
TSLA stock opened at $329.61 on Friday. The stock's fifty day simple moving average is $318.68 and its two-hundred day simple moving average is $308.19. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1-year low of $194.67 and a 1-year high of $488.54. The stock has a market cap of $1.06 trillion, a P/E ratio of 190.53, a P/E/G ratio of 11.32 and a beta of 2.33.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share 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 business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Guggenheim reissued a "sell" rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, July 23rd. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Piper Sandler reissued an "overweight" rating and set a $400.00 price target on shares of Tesla in a research note on Tuesday, June 10th. Finally, Robert W. Baird reissued a "neutral" rating and set a $320.00 price target on shares of Tesla in a research note on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $303.31.
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About Tesla
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Free Report)
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.
Further Reading
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