Tesla, Inc. (NASDAQ:TSLA) is Geode Capital Management LLC's 7th Largest Position

Geode Capital Management LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,011,604 shares of the electric vehicle producer's stock after buying an additional 1,655,203 shares during the period. Tesla makes up about 1.9% of Geode Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Geode Capital Management LLC owned about 1.90% of Tesla worth $24,566,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Tesla during the fourth quarter valued at approximately $14,420,248,000. Strategic Financial Concepts LLC raised its stake in Tesla by 36,790.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after buying an additional 8,637,195 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Tesla by 55,181.0% during the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after buying an additional 4,374,746 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Tesla by 194.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after acquiring an additional 3,624,910 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after purchasing an additional 3,571,793 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

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Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was 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 of the company's stock, valued at $2,222,802. This represents a 94.88 % decrease in their position. The sale 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 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 sale, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 in the last ninety days. 20.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TSLA. HSBC lowered their target price on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research report on Thursday, March 27th. Glj Research reiterated a "buy" rating on shares of Tesla in a research note on Tuesday, March 11th. The Goldman Sachs Group restated a "cautious" rating on shares of Tesla in a research note on Monday, March 3rd. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Finally, Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $317.75.

Tesla Trading Up 3.6 %

Shares of NASDAQ TSLA traded up $9.30 during trading hours on Tuesday, hitting $268.46. 145,757,545 shares of the company traded hands, compared to its average volume of 93,639,188. The company's 50 day moving average price is $314.87 and its 200 day moving average price is $323.48. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a market capitalization of $863.51 billion, a price-to-earnings ratio of 131.60, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. 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 posted its quarterly earnings data 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, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.