Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,372 shares of the electric vehicle producer's stock after buying an additional 1,472 shares during the quarter. Tesla accounts for about 2.4% of Alta Advisers Ltd's investment portfolio, making the stock its 9th largest position. Alta Advisers Ltd's holdings in Tesla were worth $3,785,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TSLA. Vanguard Group Inc. increased its position in shares of Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after purchasing an additional 3,571,793 shares during the period. Geode Capital Management LLC boosted its stake in Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after buying an additional 1,655,203 shares in the last quarter. Norges Bank bought a new stake in Tesla in the 4th quarter valued at $14,420,248,000. FMR LLC raised its stake in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after buying an additional 9,920,325 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Tesla by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer's stock valued at $6,996,871,000 after acquiring an additional 780,026 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 9.8 %

NASDAQ TSLA traded up $25.44 during trading on Friday, reaching $284.95. 166,882,151 shares of the stock traded hands, compared to its average volume of 96,136,367. Tesla, Inc. has a fifty-two week low of $158.36 and a fifty-two week high of $488.54. 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 cap of $916.55 billion, a price-to-earnings ratio of 139.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The stock's 50-day moving average price is $265.36 and its 200 day moving average price is $322.18.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the firm earned $0.45 EPS. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 477,011 shares in the company, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock worth $123,791,123 over the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Glj Research reissued a "sell" rating and issued a $19.05 price target (down previously from $24.86) on shares of Tesla in a research report on Monday. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. BNP Paribas set a $137.00 price target on Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Tuesday. Finally, Guggenheim reaffirmed a "sell" rating and issued a $170.00 target price on shares of Tesla in a report on Thursday. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average target price of $287.46.

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.