Willis Johnson & Associates Inc. Acquires 1,764 Shares of Tesla, Inc. (NASDAQ:TSLA)

Willis Johnson & Associates Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,445 shares of the electric vehicle producer's stock after purchasing an additional 1,764 shares during the quarter. Willis Johnson & Associates Inc.'s holdings in Tesla were worth $3,410,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TSLA. Woodline Partners LP acquired a new stake in shares of Tesla in the 4th quarter valued at about $67,731,000. Zurich Insurance Group Ltd FI grew its holdings in shares of Tesla by 41.6% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 641,897 shares of the electric vehicle producer's stock worth $259,224,000 after buying an additional 188,650 shares in the last quarter. Victrix Investment Advisors acquired a new stake in Tesla in the 4th quarter valued at approximately $428,000. Virtus Investment Advisers Inc. bought a new stake in Tesla in the 4th quarter valued at approximately $202,000. Finally, Vista Cima Wealth Management LLC acquired a new position in Tesla during the 4th quarter worth approximately $451,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 in the company, valued at $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 412,623 shares of company stock worth $115,600,501. Company insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSLA. Bank of America lowered their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Thursday, April 24th. Guggenheim restated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Finally, TD Cowen raised Tesla from a "hold" rating to a "buy" rating and lifted their target price for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $289.43.

Tesla Stock Performance

Shares of Tesla stock opened at $342.09 on Tuesday. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 167.69, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company's fifty day moving average is $269.23 and its 200 day moving average is $331.30. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company 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 firm posted $0.45 EPS. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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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