Worldquant Millennium Advisors LLC Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Worldquant Millennium Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,796 shares of the electric vehicle producer's stock after acquiring an additional 60,644 shares during the quarter. Tesla comprises about 1.5% of Worldquant Millennium Advisors LLC's investment portfolio, making the stock its 8th biggest position. Worldquant Millennium Advisors LLC's holdings in Tesla were worth $228,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSLA. True Wealth Design LLC raised its holdings in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. boosted its position in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. boosted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the fourth quarter valued at approximately $38,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley restated a "buy" rating and set a $430.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Mizuho upped their price objective on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Piper Sandler set a $400.00 price target on shares of Tesla in a report on Tuesday, May 6th. Finally, Barclays cut their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,395 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the sale, the director now directly owns 85,000 shares in the company, valued at $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $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. In the last three months, insiders sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Down 0.5%

Shares of NASDAQ TSLA traded down $1.70 during midday trading on Friday, reaching $339.34. 84,419,224 shares of the stock were exchanged, compared to its average volume of 97,370,835. The business has a 50-day simple moving average of $277.33 and a two-hundred day simple moving average of $332.69. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 166.34, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. 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 for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm 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 prior year, the business earned $0.45 earnings per share. As a group, equities research analysts expect 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.