Tesla, Inc. (NASDAQ:TSLA) is Rafferty Asset Management LLC's 4th Largest Position

Rafferty Asset Management LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,945,331 shares of the electric vehicle producer's stock after acquiring an additional 1,050,119 shares during the period. Tesla comprises approximately 4.2% of Rafferty Asset Management LLC's investment portfolio, making the stock its 4th largest holding. Rafferty Asset Management LLC owned 0.09% of Tesla worth $1,189,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TSLA. Horrell Capital Management Inc. lifted its stake in Tesla by 75.6% during 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 in the last quarter. GS Investments Inc. lifted its stake in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Navigoe LLC bought a new position in Tesla during the 4th quarter valued at $37,000. CoreFirst Bank & Trust bought a new position in Tesla during the 4th quarter valued at $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Tesla during the 4th quarter valued at $39,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Roth Mkm lowered their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Piper Sandler set a $400.00 target price on Tesla in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $289.43.

Tesla Price Performance

Shares of TSLA traded up $7.16 during midday trading on Friday, hitting $349.98. 93,349,107 shares of the company traded hands, compared to its average volume of 97,010,697. The stock has a 50-day moving average of $267.35 and a 200-day moving average of $329.59. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The firm has a market cap of $1.13 trillion, a P/E ratio of 171.56, a PEG 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.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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 business 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 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is owned by corporate insiders.

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.