Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Raised by Aviva PLC

Aviva PLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,738,060 shares of the electric vehicle producer's stock after buying an additional 34,553 shares during the quarter. Tesla comprises 1.8% of Aviva PLC's investment portfolio, making the stock its 8th largest position. Aviva PLC owned approximately 0.05% of Tesla worth $701,898,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Norges Bank purchased a new position in Tesla during the fourth quarter valued at $14,420,248,000. Strategic Financial Concepts LLC boosted its stake in Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after acquiring an additional 8,637,195 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after purchasing an additional 5,719,466 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Tesla by 55,181.0% during the fourth quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after purchasing an additional 4,374,746 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Tesla by 194.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after purchasing an additional 3,624,910 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 370,228 shares of company stock valued at $122,791,123 in the last quarter. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of Tesla stock traded down $6.14 on Monday, hitting $233.29. 181,900,757 shares of the company traded hands, compared to its average volume of 94,623,863. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The business has a 50-day simple moving average of $305.98 and a 200 day simple moving average of $324.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $750.38 billion, a P/E ratio of 114.36, 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 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSLA shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a $404.00 price objective on shares of Tesla in a research report on Monday, March 17th. Truist Financial dropped their price target on shares of Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research note on Thursday. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a report on Monday, January 6th. Wedbush cut their price target on shares of Tesla from $550.00 to $315.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Stifel Nicolaus decreased their price objective on shares of Tesla from $474.00 to $455.00 and set a "buy" rating for the company in a report on Monday, March 31st. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.