Fox Run Management L.L.C. Takes $667,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Fox Run Management L.L.C. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,651 shares of the electric vehicle producer's stock, valued at approximately $667,000.

Several other hedge funds also recently bought and sold shares of the company. World Investment Advisors LLC raised its position in Tesla by 1,248.9% during the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after acquiring an additional 184,459 shares in the last quarter. Destination Wealth Management lifted its stake in shares of Tesla by 12.1% in the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Stephens Consulting LLC boosted its holdings in Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. Vinva Investment Management Ltd increased its position in Tesla by 59.2% during the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock worth $30,593,000 after buying an additional 43,685 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in Tesla by 3.3% during the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after buying an additional 9,919 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

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Tesla Price Performance

TSLA stock traded up $9.56 during midday trading on Tuesday, reaching $287.95. 148,758,365 shares of the company's stock traded hands, compared to its average volume of 91,639,279. The company has a 50-day simple moving average of $332.69 and a two-hundred day simple moving average of $321.49. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market cap of $926.20 billion, a price-to-earnings ratio of 141.15, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a report on Monday, February 10th. New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a report on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Finally, Bank of America decreased their price target on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $318.93.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction that occurred 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 directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 over the last three months. 20.70% of the stock is owned by insiders.

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.