Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,617 shares of the electric vehicle producer's stock after acquiring an additional 9,797 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Tesla were worth $109,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new position in shares of Tesla in the third quarter valued at $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla in the 3rd quarter valued at about $35,000. Finley Financial LLC purchased a new position in Tesla during the 4th quarter valued at about $64,000. E Fund Management Hong Kong Co. Ltd. raised its position in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock worth $56,000 after acquiring an additional 187 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $91,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 1.7 %

Shares of NASDAQ:TSLA traded up $6.17 during mid-day trading on Wednesday, hitting $360.28. 62,800,899 shares of the company traded hands, compared to its average volume of 76,140,180. The firm has a market cap of $1.16 trillion, a P/E ratio of 176.61, a PEG ratio of 5.89 and a beta of 2.34. The firm's 50 day simple moving average is $404.70 and its 200 day simple moving average is $310.79. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on TSLA shares. Jefferies Financial Group lifted their price objective on Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Mizuho reiterated an "outperform" rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and boosted their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Finally, UBS Group lifted their price target on shares of Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and an average target price of $326.50.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at $30,095,100. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 523,386 shares of company stock valued at $195,995,200. Company insiders own 20.70% of the company's stock.

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.