K.J. Harrison & Partners Inc Purchases 4,970 Shares of Tesla, Inc. (NASDAQ:TSLA)

K.J. Harrison & Partners Inc grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,380 shares of the electric vehicle producer's stock after buying an additional 4,970 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Tesla were worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. bought a new position in Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC lifted its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after buying an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV boosted its position in Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer's stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. raised its position in shares of Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Daiwa Capital Markets downgraded shares of Tesla from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Robert W. Baird reissued an "outperform" rating and issued a $280.00 price target on shares of Tesla in a research note on Wednesday, April 17th. Morgan Stanley decreased their price objective on Tesla from $320.00 to $310.00 and set an "overweight" rating for the company in a research note on Thursday, April 4th. Truist Financial dropped their price objective on Tesla from $176.00 to $162.00 and set a "hold" rating for the company in a report on Wednesday. Finally, TD Cowen decreased their target price on Tesla from $200.00 to $180.00 and set a "market perform" rating for the company in a research report on Thursday, January 25th. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $186.70.

Tesla Stock Performance

TSLA traded down $1.89 on Friday, reaching $168.29. The company had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. The stock has a market cap of $535.97 billion, a P/E ratio of 42.93, a P/E/G ratio of 4.28 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company's fifty day moving average is $175.04 and its 200 day moving average is $208.00.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. As a group, analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related 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 sale, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at $2,631,600. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. Corporate insiders own 25.10% of the company's stock.

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.

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