Utah Retirement Systems Buys 1,100 Shares of Tesla, Inc. (NASDAQ:TSLA)

Utah Retirement Systems raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,092 shares of the electric vehicle producer's stock after buying an additional 1,100 shares during the period. Tesla comprises about 2.1% of Utah Retirement Systems' holdings, making the stock its 6th largest position. Utah Retirement Systems' holdings in Tesla were worth $186,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Horrell Capital Management Inc. increased 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 valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. boosted its holdings in Tesla by 193.3% in the 4th 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 in the last quarter. CoreFirst Bank & Trust purchased a new position in Tesla in the 4th quarter valued at approximately $38,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Tesla in the 4th quarter worth about $39,000. Finally, Delos Wealth Advisors LLC grew its stake in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after acquiring an additional 75 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at $24,274,300. 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 is available through this hyperlink. Also, Director Joseph Gebbia bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the transaction, the director now owns 4,111 shares of the company's stock, valued at $1,053,690.41. This represents a 3,603.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 486,618 shares of company stock worth $155,887,459 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent research reports. Raymond James cut Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Morgan Stanley restated a "buy" rating and issued a $430.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Robert W. Baird lowered their price target on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $287.46.

Tesla Trading Down 0.6 %

Shares of Tesla stock traded down $1.64 during trading on Thursday, hitting $280.52. The stock had a trading volume of 98,993,540 shares, compared to its average volume of 95,679,436. The stock has a 50 day simple moving average of $260.13 and a 200 day simple moving average of $323.58. The company has a market capitalization of $903.54 billion, a PE ratio of 137.51, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.