Farringdon Capital Ltd. Acquires New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Farringdon Capital Ltd. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,127 shares of the electric vehicle producer's stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. raised its stake in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of Tesla during the 4th quarter worth about $38,000. Delos Wealth Advisors LLC grew its position in Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after buying an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the 4th quarter valued at approximately $44,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLA. BNP Paribas set a $137.00 price target on shares of Tesla and gave the stock an "underperform" rating in a research note on Wednesday. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and lifted their price objective for the company from $180.00 to $388.00 in a report on Friday, March 7th. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Finally, Morgan Stanley cut their price target on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Nine research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tesla presently has an average rating of "Hold" and an average price target of $292.18.

Insider Activity

In other Tesla news, 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 value of $43,162,255.60. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is owned by company insiders.

Tesla Trading Down 0.2 %

Shares of NASDAQ:TSLA opened at $241.17 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The business has a 50 day moving average of $275.67 and a 200-day moving average of $322.33. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market cap of $775.71 billion, a PE ratio of 118.22, a P/E/G ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.

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