Nearwater Capital Markets Ltd Acquires New Position in Tesla, Inc. (NASDAQ:TSLA)

Nearwater Capital Markets Ltd purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 236,000 shares of the electric vehicle producer's stock, valued at approximately $95,306,000. Tesla comprises approximately 2.7% of Nearwater Capital Markets Ltd's holdings, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Horrell Capital Management Inc. increased its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. raised its position in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $37,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the fourth quarter worth $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $39,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TSLA shares. Mizuho lowered their price target on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Royal Bank of Canada dropped their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Finally, Robert W. Baird cut their target price on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $287.46.

Tesla Stock Up 4.9%

TSLA stock opened at $334.07 on Wednesday. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 163.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a 50-day moving average of $260.85 and a two-hundred day moving average of $328.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the firm earned $0.45 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at $8,085,000. This represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is currently owned by company insiders.

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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