Vise Technologies Inc. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Vise Technologies Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,038 shares of the electric vehicle producer's stock after buying an additional 12,342 shares during the quarter. Tesla comprises approximately 1.1% of Vise Technologies Inc.'s investment portfolio, making the stock its 12th largest holding. Vise Technologies Inc.'s holdings in Tesla were worth $13,746,000 as of its most recent SEC filing.

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

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $9,435,464.50. This represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,623 shares of company stock worth $116,650,831 over the last quarter. 20.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TSLA. Cantor Fitzgerald lowered their target price on Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Mizuho lifted their target price on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a "buy" rating in a research note on Thursday, April 24th. Glj Research reissued a "sell" rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Finally, Barclays decreased their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Ten equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Trading Down 0.5%

TSLA stock traded down $1.70 during midday trading on Friday, hitting $339.34. The company had a trading volume of 84,419,224 shares, compared to its average volume of 97,498,491. 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 52 week low of $167.41 and a 52 week high of $488.54. The stock's 50 day moving average price is $277.33 and its 200 day moving average price is $332.69. The stock has a market cap of $1.09 trillion, a price-to-earnings ratio of 166.34, a PEG ratio of 5.86 and a beta of 2.43.

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 analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

About Tesla

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.