Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by NorthRock Partners LLC

NorthRock Partners LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 244.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,662 shares of the electric vehicle producer's stock after purchasing an additional 42,344 shares during the period. Tesla makes up 0.8% of NorthRock Partners LLC's holdings, making the stock its 21st biggest holding. NorthRock Partners LLC's holdings in Tesla were worth $24,094,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Tesla during the 4th quarter worth approximately $14,420,248,000. FMR LLC grew its holdings in Tesla by 40.1% during the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Tesla by 36,790.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after acquiring an additional 8,637,195 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Tesla by 4,963.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after acquiring an additional 5,719,466 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Tesla by 21.6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after acquiring an additional 5,075,418 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

TSLA stock traded up $7.16 during trading on Friday, reaching $349.98. 93,349,107 shares of the company were exchanged, compared to its average volume of 97,089,415. The company has a market cap of $1.13 trillion, a P/E ratio of 171.56, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The stock's 50 day moving average price is $267.35 and its 200 day moving average price is $330.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (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 business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the company earned $0.45 EPS. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial set a $280.00 target price on shares of Tesla in a report on Tuesday, April 22nd. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Canaccord Genuity Group lowered their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Mizuho upped their target price on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday. Finally, UBS Group lowered their target price on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $289.43.

Insider Buying and Selling at Tesla

In other news, Director Joseph Gebbia acquired 4,000 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the transaction, the director now directly owns 4,111 shares in the company, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 412,623 shares of company stock valued at $115,600,501 over the last quarter. Corporate insiders own 20.70% 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.