857 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Augustine Asset Management Inc.

Augustine Asset Management Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 857 shares of the electric vehicle producer's stock, valued at approximately $346,000.

Several other large investors have also modified their holdings of the business. Wedge Capital Management L L P NC raised its position in Tesla by 18.2% during the third quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer's stock worth $651,000 after acquiring an additional 384 shares during the period. Creative Planning raised its holdings in Tesla by 28.3% in the third quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer's stock valued at $221,677,000 after acquiring an additional 197,839 shares in the last quarter. Swedbank AB raised its holdings in Tesla by 2.8% during the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer's stock worth $287,457,000 after purchasing an additional 29,669 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Tesla by 9.1% during the third quarter. Bleakley Financial Group LLC now owns 72,087 shares of the electric vehicle producer's stock worth $18,860,000 after acquiring an additional 6,042 shares during the last quarter. Finally, Teamwork Financial Advisors LLC grew its position in Tesla by 9.1% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 32,241 shares of the electric vehicle producer's stock valued at $8,435,000 after buying an additional 2,693 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

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Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last three months. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. UBS Group increased their target price on shares of Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a research report on Thursday, January 30th. Phillip Securities downgraded shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Evercore ISI raised their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Finally, Truist Financial raised their price objective on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $326.50.

Tesla Stock Down 0.3 %

Tesla stock traded down $1.20 during trading hours on Tuesday, hitting $354.65. 27,747,998 shares of the stock traded hands, compared to its average volume of 75,893,945. The firm's 50-day moving average price is $405.64 and its two-hundred day moving average price is $309.75. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.14 trillion, a PE ratio of 173.83, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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, research analysts forecast that Tesla, Inc. will post 2.54 EPS for the current year.

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.