GKV Capital Management Co. Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,600 shares of the electric vehicle producer's stock, valued at approximately $646,000.
A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Horrell Capital Management Inc. raised its position in Tesla by 75.6% in 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 during the period. GS Investments Inc. lifted its stake in Tesla by 193.3% in the fourth 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 purchased a new stake in Tesla in the fourth quarter worth $38,000. Delos Wealth Advisors LLC raised its stake in shares of 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 during the period. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Tesla during the 4th quarter worth $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Insider Buying and Selling at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. 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 currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on TSLA shares. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Truist Financial decreased their price objective on Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. Stifel Nicolaus cut their target price on Tesla from $474.00 to $455.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Robert W. Baird lowered their price target on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $425.00 price objective on shares of Tesla in a research note on Thursday, April 3rd. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $292.18.
Check Out Our Latest Research Report on TSLA
Tesla Trading Down 0.2 %
Shares of NASDAQ:TSLA traded down $0.39 during midday trading on Friday, hitting $241.17. 83,173,157 shares of the stock traded hands, compared to its average volume of 95,997,504. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. 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 business's 50 day moving average is $273.93 and its two-hundred day moving average is $322.21. The stock has a market capitalization 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 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%. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.
About Tesla
(
Free Report)
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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