Tesla, Inc. (NASDAQ:TSLA) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 143,359.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,281,093 shares of the electric vehicle producer's stock after purchasing an additional 1,280,200 shares during the quarter. Tesla accounts for about 1.2% of Two Sigma Advisers LP's holdings, making the stock its 10th largest holding. Two Sigma Advisers LP's holdings in Tesla were worth $517,357,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hengehold Capital Management LLC grew its position in shares of Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI grew its position in Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after acquiring an additional 24 shares during the period. Vista Finance LLC lifted its stake in Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares in the last quarter. Prospect Financial Services LLC lifted its stake in Tesla by 0.3% during the fourth quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock worth $3,029,000 after purchasing an additional 26 shares in the last quarter. Finally, Jmac Enterprises LLC lifted its stake in Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock worth $1,569,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSLA shares. Barclays reduced their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. HSBC reduced their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Truist Financial set a $280.00 price objective on Tesla in a research note on Tuesday, April 22nd. Finally, Benchmark reiterated a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $289.43.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $9.20 during midday trading on Wednesday, reaching $334.62. 101,809,426 shares of the company were exchanged, compared to its average volume of 97,284,855. 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, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The stock has a fifty day simple moving average of $271.29 and a 200 day simple moving average of $331.39. The stock has a market cap of $1.08 trillion, a P/E ratio of 164.03, a PEG ratio of 5.86 and a beta of 2.43.

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

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. This trade represents a 9.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is owned by corporate insiders.

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.