Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 107.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,831 shares of the electric vehicle producer's stock after purchasing an additional 17,547 shares during the period. Tesla accounts for about 1.3% of Dupont Capital Management Corp's portfolio, making the stock its 20th biggest position. Dupont Capital Management Corp's holdings in Tesla were worth $13,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Tesla in the third quarter worth about $29,000. Clean Yield Group raised its holdings in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the 3rd quarter worth approximately $35,000. M&R Capital Management Inc. boosted its holdings in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 100 shares during the period. Finally, Quarry LP bought a new position in Tesla in the 2nd quarter valued at $48,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The stock was 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 approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 617,886 shares of company stock worth $212,451,751. Company insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSLA. Canaccord Genuity Group boosted their target price on shares of Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays upped their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Royal Bank of Canada lifted their price target on shares of Tesla from $249.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, November 15th. Evercore ISI increased their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $313.84.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $5.80 on Friday, hitting $406.58. 56,102,963 shares of the company were exchanged, compared to its average volume of 67,394,624. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $398.82 and its 200 day moving average price is $294.03. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

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, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company's quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 2.01 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.