Voleon Capital Management LP Makes New $26.83 Million Investment in Tesla, Inc. (NASDAQ:TSLA)

Voleon Capital Management LP acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 66,424 shares of the electric vehicle producer's stock, valued at approximately $26,825,000. Tesla makes up about 2.0% of Voleon Capital Management LP's portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Horrell Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 34 shares during the last quarter. GS Investments Inc. raised 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 during the last quarter. CoreFirst Bank & Trust purchased a new stake in Tesla during the 4th quarter valued at approximately $38,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Tesla during the 4th quarter valued at approximately $39,000. Finally, Delos Wealth Advisors LLC raised its stake in Tesla by 300.0% during 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TSLA shares. Argus set a $410.00 price objective on Tesla in a research note on Thursday, April 24th. HSBC reduced their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Robert W. Baird cut their target price on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler reissued an "overweight" rating on shares of Tesla in a research note on Tuesday, April 22nd. Finally, Glj Research reissued a "sell" rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $287.46.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 486,618 shares of company stock worth $155,887,459. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 0.6 %

Shares of NASDAQ TSLA traded down $1.64 on Thursday, reaching $280.52. 98,993,540 shares of the company traded hands, compared to its average volume of 95,679,436. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a 50 day moving average of $260.13 and a 200 day moving average of $323.58. 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 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.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 analyst estimates of $22.93 billion. During the same period in the prior year, the company earned $0.45 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.