Pamalican Asset Management Ltd Purchases Shares of 16,671 Tesla, Inc. (NASDAQ:TSLA)

Pamalican Asset Management Ltd acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,671 shares of the electric vehicle producer's stock, valued at approximately $6,732,000. Tesla accounts for about 3.0% of Pamalican Asset Management Ltd's holdings, making the stock its 11th biggest position.

Other large investors have also bought and sold shares of the company. Leeward Financial Partners LLC bought a new stake in Tesla in the fourth quarter worth about $209,000. First Western Trust Bank acquired a new position in shares of Tesla in the 4th quarter worth approximately $213,000. Hurlow Wealth Management Group Inc. bought a new stake in shares of Tesla in the 4th quarter worth approximately $273,000. Landscape Capital Management L.L.C. lifted its stake in Tesla by 172.3% during the fourth quarter. Landscape Capital Management L.L.C. now owns 3,967 shares of the electric vehicle producer's stock valued at $1,602,000 after purchasing an additional 2,510 shares during the last quarter. Finally, PAX Financial Group LLC boosted its holdings in Tesla by 4.1% during the fourth quarter. PAX Financial Group LLC now owns 5,325 shares of the electric vehicle producer's stock worth $2,150,000 after buying an additional 211 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded down $27.85 during trading hours on Friday, reaching $239.43. 180,231,397 shares of the company traded hands, compared to its average volume of 94,269,783. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a market cap of $770.13 billion, a P/E ratio of 117.37, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The stock's fifty day moving average is $305.98 and its 200 day moving average is $323.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock worth $166,849,043 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. HSBC reduced their target price on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Canaccord Genuity Group reissued a "buy" rating and issued a $404.00 price target on shares of Tesla in a research note on Monday, March 17th. Barclays upped their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. Finally, Benchmark initiated coverage on shares of Tesla in a research report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 target price on the stock. Eight analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $312.65.

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.