Apeiron RIA LLC Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Apeiron RIA LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,657 shares of the electric vehicle producer's stock after purchasing an additional 643 shares during the period. Apeiron RIA LLC's holdings in Tesla were worth $1,881,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Tesla by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock valued at $15,469,792,000 after buying an additional 1,022,589 shares during the period. FMR LLC boosted its stake in shares of Tesla by 3.5% in the 3rd quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock valued at $6,473,008,000 after buying an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after buying an additional 2,946,763 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Tesla by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock valued at $4,328,884,000 after buying an additional 301,968 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock valued at $3,192,203,000 after buying an additional 1,294,093 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,442,856.32. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock worth $212,451,751 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their target price on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Sanford C. Bernstein restated an "underperform" rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Guggenheim boosted their target price on Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a research note on Thursday, December 5th. Finally, New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $313.84.

Tesla Price Performance

TSLA stock traded down $5.80 on Friday, reaching $406.58. 56,102,963 shares of the company's stock were exchanged, compared to its average volume of 67,394,624. The stock has a fifty day moving average of $398.82 and a 200-day moving average of $294.26. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm has a market cap of $1.31 trillion, a PE ratio of 111.39, a P/E/G ratio of 8.42 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Tesla Company 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.