Fullerton Fund Management Co Ltd. Has $29.77 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Fullerton Fund Management Co Ltd. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 117.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,715 shares of the electric vehicle producer's stock after acquiring an additional 39,776 shares during the period. Tesla comprises about 1.0% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 23rd biggest holding. Fullerton Fund Management Co Ltd.'s holdings in Tesla were worth $29,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new stake in Tesla during the fourth quarter worth approximately $56,600,000. Stephens Consulting LLC increased its holdings in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after buying an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. bought a new position in shares of Tesla in the fourth quarter valued at $8,158,000. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Tesla by 104.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock valued at $23,242,000 after buying an additional 29,458 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 408,623 shares of company stock valued at $114,400,501. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TSLA shares. Bank of America dropped their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Guggenheim reiterated a "sell" rating and set a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Canaccord Genuity Group lowered their price objective on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $287.46.

Tesla Price Performance

Tesla stock traded up $20.12 during trading hours on Monday, hitting $318.38. 112,500,339 shares of the stock were exchanged, compared to its average volume of 96,309,090. 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 quick ratio of 1.61 and a current ratio of 2.02. The business's 50-day moving average is $258.65 and its two-hundred day moving average is $327.89. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 156.07, a P/E/G ratio of 5.86 and a beta of 2.43.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.93 billion. During the same period last year, the company earned $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.