MY.Alpha Management HK Advisors Ltd Purchases New Holdings in Tesla, Inc. (NASDAQ:TSLA)

MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,816 shares of the electric vehicle producer's stock, valued at approximately $8,406,000. Tesla accounts for approximately 3.7% of MY.Alpha Management HK Advisors Ltd's investment portfolio, making the stock its 12th biggest position.

Several other institutional investors also recently bought and sold shares of TSLA. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% during 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 in the last quarter. GS Investments Inc. raised its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the period. Navigoe LLC bought a new stake in shares of Tesla in the 4th quarter valued at approximately $37,000. CoreFirst Bank & Trust purchased a new position in shares of Tesla in the 4th quarter worth approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Tesla during the 4th quarter valued at approximately $39,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSLA. Morgan Stanley restated a "buy" rating and issued a $430.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. Roth Mkm dropped their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Barclays cut their target price on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Ten research 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 given a strong buy rating to the company. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and an average price target of $289.43.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at $8,085,000. This trade represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 412,623 shares of company stock valued at $115,600,501 over the last ninety days. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA traded up $7.16 on Friday, hitting $349.98. 93,349,107 shares of the company's stock traded hands, compared to its average volume of 97,011,654. The firm's 50-day moving average price is $264.96 and its two-hundred day moving average price is $328.97. The firm has a market capitalization of $1.13 trillion, a PE ratio of 171.56, a P/E/G ratio of 5.86 and a beta of 2.43. 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 1-year low of $167.41 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, 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.