80,260 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Candlestick Capital Management LP

Candlestick Capital Management LP acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 80,260 shares of the electric vehicle producer's stock, valued at approximately $32,412,000.

Several other hedge funds have also modified their holdings of TSLA. Principal Financial Group Inc. lifted its position in shares of Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after buying an additional 194,796 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of Tesla by 6.0% during the third quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock valued at $890,000 after buying an additional 192 shares during the last quarter. Advisory Resource Group lifted its position in shares of Tesla by 1.2% during the third quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock valued at $1,115,000 after buying an additional 50 shares during the last quarter. Morse Asset Management Inc lifted its position in shares of Tesla by 46.0% during the third quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock valued at $2,279,000 after buying an additional 2,743 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Tesla by 31.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,579 shares of the electric vehicle producer's stock valued at $1,460,000 after acquiring an additional 1,334 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock valued at $123,791,123 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSLA. Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Argus set a $410.00 price objective on shares of Tesla in a report on Thursday. Finally, Morgan Stanley restated a "buy" rating and set a $430.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and an average target price of $287.46.

Tesla Stock Up 9.8 %

TSLA stock opened at $284.95 on Monday. The stock has a market capitalization of $916.55 billion, a P/E ratio of 139.68, a P/E/G ratio of 5.86 and a beta of 2.58. The firm has a 50-day simple moving average of $263.98 and a 200-day simple moving average of $323.61. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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). The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the firm earned $0.45 EPS. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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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