PKO Investment Management Joint Stock Co Takes $10.82 Million Position in Tesla, Inc. (NASDAQ:TSLA)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 26,800 shares of the electric vehicle producer's stock, valued at approximately $10,823,000. Tesla comprises approximately 1.3% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 15th biggest position.

Several other institutional investors have also recently modified their holdings of TSLA. Susquehanna Fundamental Investments LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $56,600,000. Stephens Consulting LLC lifted its stake in shares of Tesla by 126.7% in the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its stake in shares of Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of Tesla in the 4th quarter valued at approximately $8,158,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Tesla by 23.0% in the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after purchasing an additional 60,342 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Canaccord Genuity Group lowered their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and lifted their price objective for the company from $180.00 to $388.00 in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Mizuho lifted their price objective on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Up 0.4%

Shares of Tesla stock traded up $1.53 during trading hours on Thursday, reaching $358.43. 87,801,445 shares of the company were exchanged, compared to its average volume of 97,851,204. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The stock's fifty day moving average is $284.09 and its 200 day moving average is $333.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $1.15 trillion, a PE ratio of 175.70, a PEG ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.