Commerzbank Aktiengesellschaft FI Buys 5,175 Shares of Tesla, Inc. (NASDAQ:TSLA)

Commerzbank Aktiengesellschaft FI increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,766 shares of the electric vehicle producer's stock after purchasing an additional 5,175 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Tesla were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. acquired a new position in Tesla in the 4th quarter valued at $25,000. Alpha Paradigm Partners LLC acquired a new position in Tesla in the 3rd quarter valued at $27,000. MayTech Global Investments LLC acquired a new position in Tesla in the 4th quarter valued at $30,000. Finally, Mendota Financial Group LLC raised its holdings in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSLA. Redburn Atlantic began coverage on Tesla in a report on Wednesday, January 24th. They issued a "sell" rating and a $170.00 price objective for the company. Oppenheimer reissued a "market perform" rating on shares of Tesla in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price target on Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 3rd. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of Tesla in a report on Friday. Finally, Barclays lowered their price target on Tesla from $225.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $194.70.

Insider Transactions at Tesla

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

Tesla Stock Down 1.9 %

TSLA stock traded down $2.88 during trading on Friday, reaching $147.05. 87,074,500 shares of the stock were exchanged, compared to its average volume of 89,857,384. The firm's 50 day moving average is $178.51 and its 200 day moving average is $210.88. Tesla, Inc. has a twelve month low of $146.22 and a twelve month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $468.32 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 3.89 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 1.97 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.