Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 981.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 47,109 shares of the electric vehicle producer's stock after acquiring an additional 42,754 shares during the quarter. Meeder Asset Management Inc.'s holdings in Tesla were worth $11,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. lifted its holdings in Tesla by 3.3% in the 1st 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 in the last quarter. City State Bank lifted its holdings in Tesla by 3.3% in the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock valued at $315,000 after purchasing an additional 40 shares in the last quarter. Marcum Wealth LLC lifted its holdings in Tesla by 0.6% in the 3rd quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer's stock valued at $1,850,000 after purchasing an additional 41 shares in the last quarter. Linscomb & Williams Inc. lifted its holdings in Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer's stock valued at $1,329,000 after purchasing an additional 42 shares in the last quarter. Finally, Opal Wealth Advisors LLC increased its stake in shares of Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer's stock worth $1,089,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TSLA shares. Daiwa Capital Markets downgraded Tesla from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $298.00 target price on shares of Tesla in a research note on Wednesday, March 27th. JPMorgan Chase & Co. cut their target price on Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on Tesla from $200.00 to $189.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, UBS Group cut their price objective on Tesla from $225.00 to $165.00 and set a "neutral" rating for the company in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $201.63.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at $5,502,726. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at $5,502,726. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 over the last 90 days. 25.10% of the stock is owned by insiders.

Tesla Stock Down 3.6 %

Shares of TSLA traded down $6.21 during midday trading on Friday, hitting $164.90. The company had a trading volume of 136,439,809 shares, compared to its average volume of 87,880,752. The company's 50-day simple moving average is $183.42 and its 200-day simple moving average is $216.87. The firm has a market capitalization of $525.17 billion, a P/E ratio of 38.26, a P/E/G ratio of 3.17 and a beta of 2.39. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, sell-side analysts expect 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.