Dynamic Technology Lab Private Ltd Invests $2.20 Million in Tesla, Inc. (NASDAQ:TSLA)

Dynamic Technology Lab Private Ltd purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,451 shares of the electric vehicle producer's stock, valued at approximately $2,201,000. Tesla accounts for about 0.4% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 21st biggest position.

A number of other hedge funds also recently made changes to their positions in TSLA. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. increased its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust bought a new position in Tesla during the 4th quarter valued at about $38,000. Delos Wealth Advisors LLC boosted its position in Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in Tesla during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 2.6 %

Tesla stock traded down $6.14 during mid-day trading on Monday, reaching $233.29. The company's stock had a trading volume of 181,900,757 shares, compared to its average volume of 94,623,863. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The business's 50 day simple moving average is $305.98 and its 200 day simple moving average is $324.24. The company has a market capitalization of $750.38 billion, a price-to-earnings ratio of 114.36, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.

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Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated 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 completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % 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 worth $122,791,123 in the last 90 days. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

TSLA has been the subject of a number of research analyst reports. Wedbush cut their target price on shares of Tesla from $550.00 to $315.00 and set an "outperform" rating for the company in a research note on Monday. Evercore ISI boosted 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. JPMorgan Chase & Co. lowered their target price on Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Piper Sandler reduced their price target on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Truist Financial lowered their price objective on shares of Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $305.31.

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.