Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 87,468 shares of the electric vehicle producer’s stock after purchasing an additional 5,985 shares during the quarter. Tesla accounts for about 1.6% of Motley Fool Asset Management LLC’s portfolio, making the stock its 11th largest position. Motley Fool Asset Management LLC’s holdings in Tesla were worth $21,734,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mount Vernon Associates Inc. MD raised its position in Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after purchasing an additional 350 shares in the last quarter. Oak Ridge Investments LLC raised its position in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after purchasing an additional 1,405 shares in the last quarter. Corient Private Wealth LLC raised its position in Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after purchasing an additional 25,943 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after acquiring an additional 6,615 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Tesla by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after acquiring an additional 81,729 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last three months. 25.10% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $8.05 during trading on Thursday, reaching $170.18. The company had a trading volume of 125,491,695 shares, compared to its average volume of 103,300,719. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The stock has a market capitalization of $541.99 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 3.82 and a beta of 2.39. The stock has a 50-day moving average price of $175.67 and a two-hundred day moving average price of $208.64. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.68% and a net margin of 14.37%. The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Tesla in a research report on Friday, April 19th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Redburn Atlantic began coverage on Tesla in a research report on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price on the stock. Piper Sandler restated an “overweight” rating and set a $205.00 price target on shares of Tesla in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.70.

Tesla 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.