Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,860 shares of the electric vehicle producer's stock after purchasing an additional 150,438 shares during the quarter. Mackenzie Financial Corp's holdings in Tesla were worth $173,595,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. True Wealth Design LLC grew its holdings in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. boosted its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. grew its stake in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC acquired a new position in Tesla in the 4th quarter valued at $37,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Tesla during the 4th quarter worth $38,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 price objective on shares of Tesla in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Wall Street Zen lowered shares of Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Roth Mkm lowered their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, BNP Paribas set a $137.00 price target on shares of Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Trading Down 0.5%

NASDAQ TSLA opened at $339.34 on Friday. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 166.34, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company's fifty day moving average price is $277.33 and its two-hundred day moving average price is $333.00.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 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 period in the previous year, the business posted $0.45 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's 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 transaction, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value 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 $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 have sold a total of 415,623 shares of company stock valued at $116,650,831 in the last quarter. Insiders own 20.70% of the company's stock.

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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