Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Tamar Securities LLC

Tamar Securities LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,759 shares of the electric vehicle producer's stock after purchasing an additional 20,159 shares during the quarter. Tesla accounts for about 2.7% of Tamar Securities LLC's portfolio, making the stock its 13th largest position. Tamar Securities LLC's holdings in Tesla were worth $13,606,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. MidWestOne Financial Group Inc. lifted its position in Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock valued at $509,000 after purchasing an additional 15 shares during the last quarter. City State Bank raised its stake in shares of Tesla by 3.3% in the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock valued at $315,000 after acquiring an additional 40 shares during the period. Marcum Wealth LLC raised its stake in shares of Tesla by 0.6% in the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer's stock valued at $1,850,000 after acquiring an additional 41 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer's stock valued at $1,089,000 after acquiring an additional 42 shares during the period. Finally, Holderness Investments Co. raised its stake in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer's stock valued at $650,000 after acquiring an additional 42 shares during the period. Institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday. Daiwa Capital Markets downgraded shares of Tesla from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Guggenheim raised their price target on shares of Tesla from $125.00 to $132.00 and gave the stock a "sell" rating in a research note on Friday, December 15th. Edward Jones downgraded shares of Tesla from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Finally, Sanford C. Bernstein reduced their price target on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 26th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $201.63.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last 90 days. Insiders own 25.10% of the company's stock.

Tesla Stock Down 3.6 %

Shares of Tesla stock traded down $6.21 on Friday, reaching $164.90. The stock had a trading volume of 136,439,809 shares, compared to its average volume of 87,880,752. The company has a 50 day moving average price of $183.42 and a 200 day moving average price of $217.53. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The stock has a market capitalization of $525.17 billion, a P/E ratio of 38.26, a P/E/G ratio of 3.29 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. During the same period in the previous year, the firm earned $1.07 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 2.33 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.