Jackson Square Capital LLC Invests $904,000 in Tesla, Inc. (NASDAQ:TSLA)

Jackson Square Capital LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,238 shares of the electric vehicle producer's stock, valued at approximately $904,000.

A number of other hedge funds also recently bought and sold shares of TSLA. Acropolis Investment Management LLC boosted its holdings in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its position in Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after buying an additional 25 shares during the period. Connable Office Inc. increased its position in Tesla by 0.3% in the 3rd quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock valued at $3,368,000 after acquiring an additional 38 shares during the period. Community Bank N.A. grew its stake in shares of Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock worth $238,000 after purchasing an additional 38 shares during the last quarter. Finally, Holistic Financial Partners lifted its holdings in Tesla by 1.0% during the 3rd quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock worth $1,061,000 after buying an additional 40 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Tesla stock traded down $2.43 during mid-day trading on Tuesday, reaching $424.07. 86,903,227 shares of the company's stock were exchanged, compared to its average volume of 82,108,117. The firm has a market capitalization of $1.36 trillion, a PE ratio of 116.18, a P/E/G ratio of 8.60 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $391.47 and its 200 day simple moving average is $290.05. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.01 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock worth $213,451,751 in the last quarter. Insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSLA shares. Canaccord Genuity Group lifted their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Mizuho upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price objective on Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their target price on Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a research note on Monday, November 25th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $304.94.

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.