Great Lakes Retirement Inc. Purchases Shares of 720 Tesla, Inc. (NASDAQ:TSLA)

Great Lakes Retirement Inc. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 720 shares of the electric vehicle producer's stock, valued at approximately $291,000.

Several other institutional investors also recently modified their holdings of the business. Kentucky Trust Co acquired a new stake in shares of Tesla during the fourth quarter worth about $145,000. Gladstone Institutional Advisory LLC increased its holdings in Tesla by 18.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 51,481 shares of the electric vehicle producer's stock worth $20,790,000 after purchasing an additional 8,104 shares in the last quarter. FMB Wealth Management raised its stake in shares of Tesla by 3.8% in the 4th quarter. FMB Wealth Management now owns 2,176 shares of the electric vehicle producer's stock valued at $879,000 after purchasing an additional 79 shares during the period. Atlas Wealth Partners LLC lifted its holdings in shares of Tesla by 2.8% in the fourth quarter. Atlas Wealth Partners LLC now owns 1,677 shares of the electric vehicle producer's stock valued at $677,000 after purchasing an additional 45 shares in the last quarter. Finally, TFB Advisors LLC boosted its position in shares of Tesla by 0.5% during the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock worth $2,105,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TSLA shares. The Goldman Sachs Group lifted their target price on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Evercore ISI boosted their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Phillip Securities downgraded Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. KGI Securities upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price for the company in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $326.50.

Tesla Stock Up 1.7 %

Shares of TSLA stock traded up $6.17 during trading hours on Wednesday, reaching $360.28. The company had a trading volume of 62,800,899 shares, compared to its average volume of 76,140,180. The business has a fifty day simple moving average of $404.70 and a 200-day simple moving average of $310.79. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market cap of $1.16 trillion, a price-to-earnings ratio of 176.61, a price-to-earnings-growth ratio of 5.89 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $30,095,100. This trade represents a 56.94 % decrease in their position. The sale 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 the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now owns 5,400 shares of the company's stock, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 523,386 shares of company stock worth $195,995,200. Corporate insiders own 20.70% of the company's stock.

About Tesla

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.