Jacobs Levy Equity Management Inc. Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Jacobs Levy Equity Management Inc. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 451.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 285,121 shares of the electric vehicle producer's stock after purchasing an additional 233,460 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Tesla were worth $115,143,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

TSLA has been the subject of several research reports. Canaccord Genuity Group cut their price target on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. UBS Group reduced their target price on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald cut their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Ten investment 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $287.46.

Tesla Stock Performance

Shares of TSLA stock traded up $4.30 on Tuesday, hitting $322.68. The company's stock had a trading volume of 26,383,640 shares, compared to its average volume of 96,068,430. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock's 50 day moving average is $259.44 and its 200-day moving average is $328.24. 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 company has a market capitalization of $1.04 trillion, a PE ratio of 158.31, a PEG ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share 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 period in the prior year, the firm earned $0.45 EPS. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,623 shares of company stock worth $114,400,501 over the last 90 days. 20.70% of the stock is currently owned by 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.