Financial Engines Advisors L.L.C. Purchases 2,217 Shares of Tesla, Inc. (NASDAQ:TSLA)

Financial Engines Advisors L.L.C. boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,979 shares of the electric vehicle producer's stock after buying an additional 2,217 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Tesla were worth $12,107,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TSLA. Principal Financial Group Inc. boosted its position in Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares during the last quarter. United Bank acquired a new stake in shares of Tesla during the 3rd quarter worth $287,000. Massachusetts Financial Services Co. MA grew its position in Tesla by 61.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 115,241 shares of the electric vehicle producer's stock valued at $30,151,000 after acquiring an additional 43,950 shares during the period. Algert Global LLC purchased a new position in shares of Tesla in the 3rd quarter worth about $3,194,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSLA shares. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird dropped their price target on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Canaccord Genuity Group restated a "buy" rating and set a $404.00 target price on shares of Tesla in a research note on Monday, March 17th. Finally, Mizuho cut their price target on Tesla from $515.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $318.34.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $9.58 during midday trading on Friday, reaching $263.55. The company's stock had a trading volume of 123,100,723 shares, compared to its average volume of 93,218,015. The company has a market cap of $847.71 billion, a price-to-earnings ratio of 129.19, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a 50 day moving average price of $321.33 and a 200 day moving average price of $322.34. 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 (NASDAQ:TSLA - Get Free Report) last issued 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 return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, February 3rd. The stock was 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. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,228 shares of company stock worth $166,849,043. Company 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.