OMERS ADMINISTRATION Corp Acquires 11,791 Shares of Tesla, Inc. (NASDAQ:TSLA)

OMERS ADMINISTRATION Corp grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,237 shares of the electric vehicle producer's stock after buying an additional 11,791 shares during the period. OMERS ADMINISTRATION Corp's holdings in Tesla were worth $56,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Horrell Capital Management Inc. raised its position in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the period. Navigoe LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $37,000. CoreFirst Bank & Trust bought a new position in shares of Tesla in the fourth quarter worth about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Tesla in the 4th quarter worth about $39,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA stock opened at $318.38 on Tuesday. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 156.07, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business's 50-day moving average is $259.44 and its two-hundred day moving average is $328.24.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the firm earned $0.45 EPS. Analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $284.40, for a total value of $1,137,600.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,664,580. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,623 shares of company stock worth $114,400,501. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several recent research reports. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler set a $400.00 target price on shares of Tesla in a research note on Tuesday, May 6th. Royal Bank of Canada lowered their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Roth Mkm reduced their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Ten 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $287.46.

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.

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