Two Sigma Investments LP Purchases New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Two Sigma Investments LP purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 599,264 shares of the electric vehicle producer's stock, valued at approximately $242,007,000. Tesla accounts for about 0.5% of Two Sigma Investments LP's holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Hengehold Capital Management LLC boosted its stake in Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after buying an additional 24 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in Tesla by 0.3% in the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares in the last quarter. Vista Finance LLC boosted its stake in Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after buying an additional 25 shares in the last quarter. Prospect Financial Services LLC boosted its stake in Tesla by 0.3% in the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after buying an additional 26 shares in the last quarter. Finally, Jmac Enterprises LLC boosted its stake in Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Down 2.7%

Shares of Tesla stock traded down $9.20 during trading hours on Wednesday, hitting $334.62. The company's stock had a trading volume of 101,809,426 shares, compared to its average volume of 97,284,855. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The stock has a 50 day moving average of $271.29 and a 200 day moving average of $331.39. The company has a market capitalization of $1.08 trillion, a PE ratio of 164.03, 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 (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the company earned $0.45 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Joseph Gebbia purchased 4,000 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was bought at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the purchase, the director now directly owns 4,111 shares of the company's stock, valued at $1,053,690.41. The trade was a 3,603.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock worth $116,650,831 over the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on TSLA shares. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Robert W. Baird reduced their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Cowen raised Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.