Cwm LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

CWM LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,555 shares of the electric vehicle producer's stock after purchasing an additional 43,815 shares during the quarter. CWM LLC's holdings in Tesla were worth $47,349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. Vanguard Group Inc. lifted its holdings in Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer's stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the last quarter. State Street Corp increased its position in shares of Tesla by 0.7% during the first quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer's stock worth $20,680,162,000 after purchasing an additional 685,454 shares in the last quarter. Morgan Stanley increased its position in shares of Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer's stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares in the last quarter. FMR LLC increased its position in Tesla by 0.9% in the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer's stock valued at $7,266,572,000 after acquiring an additional 269,182 shares during the period. Finally, Norges Bank acquired a new position in Tesla in the 4th quarter valued at about $3,459,540,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $2.88 during trading hours on Friday, hitting $147.05. The stock had a trading volume of 87,074,500 shares, compared to its average volume of 89,857,384. The stock's fifty day simple moving average is $178.51 and its 200 day simple moving average is $211.23. Tesla, Inc. has a 1-year low of $146.22 and a 1-year high of $299.29. The firm has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 3.96 and a beta of 2.39. 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 during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the business posted $1.07 EPS. Tesla's revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Truist Financial dropped their target price on Tesla from $193.00 to $176.00 and set a "hold" rating on the stock in a research report on Wednesday, April 3rd. Morgan Stanley reduced their target price on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. The Goldman Sachs Group reduced their target price on Tesla from $190.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 9th. Mizuho reaffirmed a "neutral" rating and issued a $195.00 target price (down previously from $270.00) on shares of Tesla in a research note on Monday, March 25th. Finally, Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of Tesla in a research note on Friday. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $194.70.

Insider Buying and Selling at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,706 shares of the firm'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 transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. 25.10% 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.