Mirabella Financial Services LLP Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Mirabella Financial Services LLP acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,098 shares of the electric vehicle producer's stock, valued at approximately $2,863,000.

A number of other large investors also recently modified their holdings of TSLA. Horrell Capital Management Inc. lifted its position in 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 purchasing an additional 34 shares during the last quarter. GS Investments Inc. raised its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Tesla during the 4th quarter valued at $38,000. Delos Wealth Advisors LLC grew its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of Tesla in the fourth quarter valued at about $44,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of TSLA traded up $4.78 during mid-day trading on Thursday, reaching $255.52. The stock had a trading volume of 64,032,383 shares, compared to its average volume of 96,075,799. The firm has a market cap of $821.87 billion, a price-to-earnings ratio of 125.21, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 12 month low of $157.51 and a 12 month high of $488.54. The business has a fifty day moving average of $267.29 and a 200 day moving average of $322.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $22.93 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSLA. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a "buy" rating in a research note on Thursday. Mizuho reduced their target price on Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday. UBS Group dropped their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Morgan Stanley reaffirmed a "buy" rating on shares of Tesla in a research report on Tuesday. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $286.85.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $41,745,581.15. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is owned by company insiders.

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.