Pinkerton Retirement Specialists LLC Acquires 3,332 Shares of Tesla, Inc. (NASDAQ:TSLA)

Pinkerton Retirement Specialists LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 134.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,818 shares of the electric vehicle producer's stock after buying an additional 3,332 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Tesla were worth $2,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at $14,420,248,000. FMR LLC lifted its position in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Tesla by 36,790.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after purchasing an additional 8,637,195 shares during the last quarter. Massachusetts Financial Services Co. MA raised 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 during the last quarter. Finally, Northern Trust Corp raised its stake in Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after buying an additional 5,075,418 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $9,435,464.50. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 in the last three months. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of TSLA opened at $334.62 on Thursday. The stock has a 50 day moving average of $272.99 and a 200 day moving average of $331.41. The company has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 164.03, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. HSBC decreased their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a research report on Tuesday, April 22nd. Finally, Raymond James downgraded shares of Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $289.43.

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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