Cottage Street Advisors LLC Purchases 1,100 Shares of Tesla, Inc. (NASDAQ:TSLA)

Cottage Street Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,042 shares of the electric vehicle producer's stock after buying an additional 1,100 shares during the period. Tesla accounts for about 1.1% of Cottage Street Advisors LLC's portfolio, making the stock its 28th largest holding. Cottage Street Advisors LLC's holdings in Tesla were worth $2,036,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings 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 raised its position in Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after acquiring an additional 24 shares in the last quarter. Acropolis Investment Management LLC lifted its stake in Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD increased 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 buying an additional 25 shares during the last quarter. Finally, Vista Finance LLC raised 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 buying an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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Tesla Trading Down 3.5 %

TSLA stock traded down $9.59 during trading on Friday, hitting $263.54. The company had a trading volume of 95,931,236 shares, compared to its average volume of 93,056,138. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The business has a 50-day moving average of $324.59 and a 200-day moving average of $321.35. The stock has a market cap of $847.67 billion, a PE ratio of 129.14, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.31% and a net margin of 7.26%. Research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Wedbush restated an "outperform" rating and set a $550.00 target price on shares of Tesla in a research note on Thursday. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $318.34.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $32,643,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 in the last ninety days. 20.70% of the stock is owned by company insiders.

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.