Atlas Capital Advisors Inc. Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Atlas Capital Advisors Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,671 shares of the electric vehicle producer's stock, valued at approximately $1,079,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Hengehold Capital Management LLC grew its stake in Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI grew its stake in shares of Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after buying an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD raised its position in Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after acquiring an additional 25 shares in the last quarter. Finally, Vista Finance LLC lifted its stake in Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,228 shares of company stock worth $122,791,123 in the last three months. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

TSLA traded down $10.74 on Monday, hitting $228.69. The company's stock had a trading volume of 110,308,387 shares, compared to its average volume of 94,352,562. The company's 50 day simple moving average is $305.98 and its 200-day simple moving average is $324.24. 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 12 month low of $138.80 and a 12 month high of $488.54. The firm has a market cap of $735.59 billion, a P/E ratio of 111.61, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Piper Sandler reduced their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Glj Research reaffirmed a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Finally, Barclays raised their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $305.31.

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.