Graypoint LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Graypoint LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,087 shares of the electric vehicle producer's stock after buying an additional 2,129 shares during the quarter. Graypoint LLC's holdings in Tesla were worth $7,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSLA. Geode Capital Management LLC lifted its position in shares of Tesla by 1.8% in the third quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock valued at $15,469,792,000 after acquiring an additional 1,022,589 shares in the last quarter. FMR LLC lifted its holdings in Tesla by 3.5% in the 3rd quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock worth $6,473,008,000 after purchasing an additional 828,308 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock worth $6,377,970,000 after purchasing an additional 2,946,763 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Tesla by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock valued at $4,328,884,000 after buying an additional 301,968 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Tesla by 11.9% during the third quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock valued at $3,192,203,000 after buying an additional 1,294,093 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 0.1 %

Shares of TSLA traded down $0.20 during mid-day trading on Friday, hitting $394.74. The company's stock had a trading volume of 62,075,749 shares, compared to its average volume of 83,570,117. The firm has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.15, a PEG ratio of 10.80 and a beta of 2.30. The company's 50-day moving average is $376.60 and its 200-day moving average is $280.59. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLA shares. Truist Financial restated a "hold" rating and set a $360.00 target price on shares of Tesla in a research report on Thursday, January 2nd. Barclays raised their price objective on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Bank of America cut Tesla from a "buy" rating to a "neutral" rating and raised their price target for the company from $400.00 to $490.00 in a report on Tuesday. Finally, The Goldman Sachs Group upped their price objective on Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a report on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $295.69.

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.