Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 653,588 shares of the electric vehicle producer's stock after buying an additional 12,289 shares during the period. Tesla accounts for approximately 1.9% of Xponance Inc.'s portfolio, making the stock its 8th largest position. Xponance Inc.'s holdings in Tesla were worth $162,404,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the 4th quarter worth about $25,000. Lam Group Inc. bought a new stake in Tesla during the fourth quarter worth about $25,000. Alpha Paradigm Partners LLC purchased a new stake in Tesla in the third quarter worth about $27,000. Perkins Coie Trust Co increased its stake in shares of Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 54 shares in the last quarter. Finally, Mendota Financial Group LLC lifted its holdings in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 3.6 %

Tesla stock traded down $5.52 during trading hours on Thursday, hitting $149.93. The company had a trading volume of 95,522,509 shares, compared to its average volume of 101,837,430. The firm has a market cap of $477.50 billion, a P/E ratio of 34.79, a P/E/G ratio of 4.15 and a beta of 2.39. The company has a 50-day moving average price of $179.45 and a two-hundred day moving average price of $212.21. Tesla, Inc. has a 1 year low of $148.70 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 announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business's quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the senior vice president now owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of recent research reports. HSBC cut their target price on Tesla from $143.00 to $138.00 and set a "reduce" rating on the stock in a research note on Wednesday, April 3rd. Barclays reduced their price objective on shares of Tesla from $225.00 to $180.00 and set an "equal weight" rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their target price on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday, April 12th. Redburn Atlantic initiated coverage on shares of Tesla in a research report on Wednesday, January 24th. They set a "sell" rating and a $170.00 price target for the company. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $194.70.

Tesla Company 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.