Numerai GP LLC Purchases Shares of 7,118 Tesla, Inc. (NASDAQ:TSLA)

Numerai GP LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,118 shares of the electric vehicle producer's stock, valued at approximately $2,875,000. Tesla makes up 0.8% of Numerai GP LLC's investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla during the 4th quarter valued at about $56,600,000. Stephens Consulting LLC lifted its holdings in Tesla by 126.7% in the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its holdings in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in Tesla in the 4th quarter worth approximately $8,158,000. Finally, Ameritas Advisory Services LLC lifted its holdings in Tesla by 104.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after purchasing an additional 29,458 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Up 2.1%

NASDAQ:TSLA traded up $7.16 during mid-day trading on Friday, hitting $349.98. The company had a trading volume of 93,349,107 shares, compared to its average volume of 97,011,654. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The business's fifty day moving average is $264.96 and its two-hundred day moving average is $328.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $1.13 trillion, a P/E ratio of 171.56, a P/E/G ratio of 5.86 and a beta of 2.43.

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 return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the company earned $0.45 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSLA shares. Wells Fargo & Company reduced their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Bank of America dropped their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Benchmark reissued a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $289.43.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 412,623 shares of company stock worth $115,600,501. 20.70% of the stock is owned by corporate insiders.

About Tesla

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.