42,029 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Clarity Capital Partners LLC

Clarity Capital Partners LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 42,029 shares of the electric vehicle producer’s stock, valued at approximately $10,443,000. Tesla comprises about 7.3% of Clarity Capital Partners LLC’s investment portfolio, making the stock its largest holding.

A number of other large investors have also added to or reduced their stakes in TSLA. Vanguard Group Inc. grew its stake in Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the last quarter. Norges Bank purchased a new stake in Tesla during the 4th quarter worth approximately $7,844,757,000. Morgan Stanley increased its stake in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after purchasing an additional 2,177,397 shares in the last quarter. FMR LLC raised its holdings in shares of Tesla by 0.9% in the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after buying an additional 909,170 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 target price on shares of Tesla in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a report on Thursday, April 25th. HSBC reduced their price objective on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research note on Wednesday, April 24th. Truist Financial lowered their target price on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $185.90.

Tesla Trading Down 2.4 %

TSLA traded down $4.46 during mid-day trading on Friday, hitting $178.01. 81,839,187 shares of the stock were exchanged, compared to its average volume of 96,812,758. The firm’s fifty day moving average is $172.90 and its two-hundred day moving average is $195.68. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a market cap of $567.71 billion, a PE ratio of 45.41, a PEG ratio of 4.40 and a beta of 2.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. Equities analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,855 shares of company stock valued at $19,285,643. 25.10% of the stock is currently owned by corporate insiders.

About Tesla

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.