Artemis Investment Management LLP Acquires 32,512 Shares of Tesla, Inc. (NASDAQ:TSLA)

Artemis Investment Management LLP grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,558 shares of the electric vehicle producer's stock after buying an additional 32,512 shares during the quarter. Artemis Investment Management LLP's holdings in Tesla were worth $49,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock valued at $2,892,160,000 after acquiring an additional 11,023,436 shares during the period. Assenagon Asset Management S.A. grew its holdings in Tesla by 194.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock valued at $2,215,765,000 after purchasing an additional 3,624,910 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Tesla by 13.7% in the third 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 worth $6,377,970,000 after buying an additional 2,946,763 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Tesla by 52.0% in the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock valued at $1,921,548,000 after buying an additional 2,511,488 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Tesla by 236.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock valued at $416,341,000 after buying an additional 1,479,378 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 621,886 shares of company stock valued at $213,451,751. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 0.6 %

TSLA stock traded down $2.43 during trading on Tuesday, reaching $424.07. The company had a trading volume of 86,903,227 shares, compared to its average volume of 82,108,117. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The business has a 50 day moving average of $391.47 and a 200 day moving average of $290.05. The company has a market cap of $1.36 trillion, a P/E ratio of 116.18, a PEG ratio of 8.60 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TSLA shares. Glj Research reaffirmed a "sell" rating and set a $24.86 price objective on shares of Tesla in a report on Friday, January 3rd. Robert W. Baird upped their price target on shares of Tesla from $280.00 to $480.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Bank of America cut Tesla from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target on the stock in a report on Thursday, October 24th. Finally, Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $304.94.

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.