Ilmarinen Mutual Pension Insurance Co Raises Position in Tesla, Inc. (NASDAQ:TSLA)

Ilmarinen Mutual Pension Insurance Co raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,000 shares of the electric vehicle producer's stock after buying an additional 110,000 shares during the quarter. Tesla comprises 1.5% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 11th largest position. Ilmarinen Mutual Pension Insurance Co's holdings in Tesla were worth $169,613,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the period. CoreFirst Bank & Trust bought a new stake in Tesla in the fourth quarter worth approximately $38,000. Delos Wealth Advisors LLC lifted its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $44,000. 66.20% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on TSLA shares. Mizuho dropped their target price on Tesla from $515.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Benchmark assumed coverage on Tesla in a research note on Wednesday, February 12th. They set a "buy" rating and a $475.00 price objective on the stock. UBS Group lowered their target price on Tesla from $259.00 to $225.00 and set a "sell" rating on the stock in a research report on Monday, March 10th. The Goldman Sachs Group dropped their price objective on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, TD Cowen raised Tesla from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $305.31.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,228 shares of company stock valued at $122,791,123 over the last quarter. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

Shares of TSLA stock traded down $6.14 on Monday, hitting $233.29. The company had a trading volume of 181,900,757 shares, compared to its average volume of 94,626,699. The firm has a market cap of $750.38 billion, a P/E ratio of 114.36, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a 50-day moving average price of $305.98 and a 200-day moving average price of $324.24. 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 (NASDAQ:TSLA - Get Free Report) last announced 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%. As a group, equities research analysts predict 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.