Mather Group LLC. Buys 6,854 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mather Group LLC. increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 69.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,709 shares of the electric vehicle producer's stock after acquiring an additional 6,854 shares during the period. Mather Group LLC.'s holdings in Tesla were worth $4,152,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $25,000. Lam Group Inc. acquired a new position in Tesla in the fourth quarter worth approximately $25,000. Mendota Financial Group LLC increased its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock valued at $34,000 after buying an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Cordant Inc. bought a new stake in shares of Tesla during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 owns 15,000 shares of the company's stock, valued at $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLA. HSBC cut their target price on Tesla from $138.00 to $120.00 and set a "reduce" rating on the stock in a research report on Wednesday, April 24th. Piper Sandler reaffirmed an "overweight" rating and set a $205.00 price objective on shares of Tesla in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $123.00 to $136.00 and gave the stock a "hold" rating in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 3rd. Finally, Edward Jones lowered shares of Tesla from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $184.32.

Tesla Stock Down 5.6 %

NASDAQ TSLA traded down $10.77 during trading on Tuesday, hitting $183.28. 126,403,453 shares of the company traded hands, compared to its average volume of 105,362,438. The company has a market capitalization of $584.52 billion, a P/E ratio of 46.76, a PEG ratio of 4.45 and a beta of 2.40. The business has a fifty day simple moving average of $174.71 and a 200 day simple moving average of $206.29. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

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.