Sapient Capital LLC Takes $2.96 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Sapient Capital LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,898 shares of the electric vehicle producer's stock, valued at approximately $2,956,000.

Several other institutional investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new position in Tesla during the 4th quarter valued at about $250,000. M&T Bank Corp lifted its holdings in Tesla by 4.9% during the fourth quarter. M&T Bank Corp now owns 345,517 shares of the electric vehicle producer's stock worth $85,854,000 after buying an additional 16,258 shares during the period. Solutions 4 Wealth Ltd bought a new stake in Tesla during the 4th quarter valued at $498,000. Montis Financial LLC increased its holdings in shares of Tesla by 66.5% in the 4th quarter. Montis Financial LLC now owns 2,417 shares of the electric vehicle producer's stock valued at $601,000 after acquiring an additional 965 shares during the period. Finally, 9258 Wealth Management LLC raised its position in shares of Tesla by 1.1% in the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer's stock worth $1,532,000 after acquiring an additional 69 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Tesla stock traded up $1.18 during trading on Friday, reaching $181.19. The company had a trading volume of 75,491,539 shares, compared to its average volume of 112,969,304. The firm has a market capitalization of $577.85 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 4.71 and a beta of 2.41. The firm's 50-day simple moving average is $173.85 and its 200 day simple moving average is $205.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Insider Buying and Selling at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business's 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 sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last ninety days. Corporate insiders own 25.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TSLA shares. Citigroup lifted their target price on Tesla from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. TD Cowen lowered their target price on shares of Tesla from $200.00 to $180.00 and set a "market perform" rating for the company in a research note on Thursday, January 25th. Evercore ISI reduced their price target on Tesla from $155.00 to $145.00 and set an "in-line" rating on the stock in a research report on Monday, April 29th. Morgan Stanley decreased their price objective on Tesla from $320.00 to $310.00 and set an "overweight" rating for the company in a report on Thursday, April 4th. Finally, Canaccord Genuity Group dropped their target price on Tesla from $234.00 to $222.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $185.90.

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.