Capital CS Group LLC Buys Shares of 1,933 Tesla, Inc. (NASDAQ:TSLA)

Capital CS Group LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,933 shares of the electric vehicle producer's stock, valued at approximately $781,000. Tesla accounts for 1.0% of Capital CS Group LLC's portfolio, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. World Investment Advisors LLC boosted its stake in Tesla by 1,248.9% during the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after buying an additional 184,459 shares during the period. Destination Wealth Management grew its holdings in shares of Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after purchasing an additional 1,359 shares in the last quarter. Vinva Investment Management Ltd increased its position in shares of Tesla by 59.2% in the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock worth $30,593,000 after purchasing an additional 43,685 shares during the last quarter. MML Investors Services LLC raised its stake in Tesla by 3.3% in the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after purchasing an additional 9,919 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Tesla by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after purchasing an additional 1,741 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Down 1.7 %

Shares of TSLA stock opened at $396.36 on Wednesday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 108.59, a PEG ratio of 10.80 and a beta of 2.30. The stock's fifty day moving average is $382.71 and its two-hundred day moving average is $284.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of several research reports. Royal Bank of Canada upped their target price on shares of Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. UBS Group boosted their price objective on shares of Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a report on Monday, November 25th. Evercore ISI increased their target price on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Wedbush reissued an "outperform" rating and issued a $400.00 price target on shares of Tesla in a research note on Monday, November 18th. Finally, KGI Securities upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target for the company in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $296.60.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction dated Friday, November 1st. The shares were 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 owns 1,563,220 shares in the company, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock worth $213,451,751 in the last ninety days. Insiders own 20.70% of the company's stock.

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.