Janus Henderson Group PLC Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Janus Henderson Group PLC boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,591 shares of the electric vehicle producer's stock after purchasing an additional 431,500 shares during the period. Janus Henderson Group PLC's holdings in Tesla were worth $353,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TSLA. Guardian Wealth Advisors LLC NC boosted its position in Tesla by 151.4% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 30,656 shares of the electric vehicle producer's stock valued at $12,380,000 after buying an additional 18,464 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Tesla by 3.2% in the fourth quarter. Gotham Asset Management LLC now owns 68,319 shares of the electric vehicle producer's stock valued at $27,590,000 after purchasing an additional 2,109 shares during the period. Francis Financial Inc. grew its stake in Tesla by 46.3% in the fourth quarter. Francis Financial Inc. now owns 2,300 shares of the electric vehicle producer's stock worth $929,000 after purchasing an additional 728 shares in the last quarter. Fullerton Fund Management Co Ltd. lifted its holdings in shares of Tesla by 117.2% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 73,715 shares of the electric vehicle producer's stock worth $29,769,000 after buying an additional 39,776 shares during the period. Finally, Elyxium Wealth LLC increased its stake in shares of Tesla by 332.5% during the fourth quarter. Elyxium Wealth LLC now owns 7,232 shares of the electric vehicle producer's stock valued at $2,921,000 after buying an additional 5,560 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $8,085,000. The trade was a 12.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now 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. Over the last three months, insiders sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSLA shares. Cantor Fitzgerald cut their price objective on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley restated a "buy" rating and set a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Truist Financial set a $280.00 target price on Tesla in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Benchmark reiterated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Ten 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $287.46.

Tesla Trading Up 4.9%

Shares of TSLA stock traded up $15.69 on Tuesday, reaching $334.07. The company had a trading volume of 136,262,264 shares, compared to its average volume of 96,589,483. The company has a 50-day moving average of $259.44 and a 200-day moving average of $328.24. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.08 trillion, a PE ratio of 163.76, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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 firm 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 firm earned $0.45 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.