5,373 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,373 shares of the electric vehicle producer's stock, valued at approximately $2,170,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB increased its position in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer's stock worth $287,457,000 after acquiring an additional 29,669 shares in the last quarter. Principal Financial Group Inc. grew its position in Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after purchasing an additional 194,796 shares in the last quarter. United Bank acquired a new stake in Tesla during the 3rd quarter valued at $287,000. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Tesla by 9.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,980 shares of the electric vehicle producer's stock valued at $1,303,000 after purchasing an additional 423 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Tesla in the third quarter worth $610,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI increased their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research note on Friday, January 3rd. StockNews.com lowered shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Morgan Stanley reaffirmed a "top pick" rating and set a $430.00 price objective on shares of Tesla in a research report on Monday, March 3rd. Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Tesla in a research report on Friday, March 7th. Finally, Robert W. Baird lowered their price target on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price of $325.81.

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Tesla Trading Up 7.6 %

Shares of TSLA opened at $248.09 on Thursday. The stock's 50-day moving average price is $357.29 and its 200 day moving average price is $319.03. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $797.99 billion, a price-to-earnings ratio of 121.61, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 in the last 90 days. 20.70% of the stock is currently owned by company 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.

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