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SJS Investment Consulting Inc. Has $1.03 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

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SJS Investment Consulting Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 77.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,966 shares of the electric vehicle producer's stock after purchasing an additional 1,731 shares during the quarter. SJS Investment Consulting Inc.'s holdings in Tesla were worth $1,028,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Tesla in the 4th quarter worth about $14,420,248,000. FMR LLC lifted its holdings in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. GAMMA Investing LLC raised its stake in shares of Tesla by 27,378.6% in the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after buying an additional 9,776,607 shares during the period. Strategic Financial Concepts LLC grew its stake 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 acquiring an additional 8,637,195 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. HSBC lowered their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. UBS Group lowered their price target on shares of Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lowered their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Ten equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and an average target price of $293.67.

Check Out Our Latest Analysis on Tesla

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at $24,274,300. 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 can be accessed through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $6,737,500. This trade represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 818,509 shares of company stock valued at $273,791,775 in the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

Shares of TSLA stock traded up $0.34 during midday trading on Wednesday, reaching $326.43. 121,649,309 shares of the company were exchanged, compared to its average volume of 100,661,913. The company's 50 day moving average price is $293.86 and its two-hundred day moving average price is $333.15. The company has a market cap of $1.05 trillion, a P/E ratio of 160.02, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 12 month low of $169.80 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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

Tesla Profile

(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

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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