Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Shariaportfolio Inc.

Shariaportfolio Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,153 shares of the electric vehicle producer's stock after purchasing an additional 10,968 shares during the quarter. Tesla accounts for 19.4% of Shariaportfolio Inc.'s portfolio, making the stock its largest position. Shariaportfolio Inc.'s holdings in Tesla were worth $40,850,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cannon Wealth Management Services LLC lifted its holdings in Tesla by 3.5% during the 4th quarter. Cannon Wealth Management Services LLC now owns 4,116 shares of the electric vehicle producer's stock worth $1,579,000 after buying an additional 139 shares during the last quarter. Cape ANN Savings Bank lifted its holdings in Tesla by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 1,746 shares of the electric vehicle producer's stock worth $705,000 after buying an additional 49 shares during the last quarter. Colonial River Investments LLC lifted its holdings in Tesla by 2.6% during the 4th quarter. Colonial River Investments LLC now owns 6,129 shares of the electric vehicle producer's stock worth $2,475,000 after buying an additional 154 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Tesla during the 4th quarter worth approximately $2,902,000. Finally, World Equity Group Inc. lifted its holdings in Tesla by 101.4% during the 4th quarter. World Equity Group Inc. now owns 12,882 shares of the electric vehicle producer's stock worth $5,202,000 after buying an additional 6,487 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $11.38 during mid-day trading on Friday, reaching $293.33. The company had a trading volume of 115,346,932 shares, compared to its average volume of 79,298,227. 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 $943.49 billion, a PE ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a 50-day moving average price of $385.35 and a two-hundred day moving average price of $316.70. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 75,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 523,386 shares of company stock valued at $195,995,200. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 target price on shares of Tesla in a report on Wednesday, January 29th. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and raised their price target for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Truist Financial raised their price target on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Monday, February 10th. Finally, Benchmark started coverage on Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price target on the stock. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $318.77.

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.