1,022 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Martingale Asset Management L P

Martingale Asset Management L P purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,022 shares of the electric vehicle producer's stock, valued at approximately $413,000.

Other large investors have also recently made changes to their positions in the company. Azimuth Capital Investment Management LLC increased its holdings in shares of Tesla by 3.1% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 1,482 shares of the electric vehicle producer's stock valued at $598,000 after purchasing an additional 45 shares during the period. Faithward Advisors LLC boosted its position in Tesla by 40.2% in the fourth quarter. Faithward Advisors LLC now owns 2,507 shares of the electric vehicle producer's stock valued at $1,013,000 after buying an additional 719 shares during the last quarter. RiverGlades Family Offices LLC acquired a new position in Tesla in the 4th quarter worth approximately $214,000. Straightline Group LLC purchased a new position in Tesla during the 4th quarter worth approximately $1,016,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Tesla during the 4th quarter valued at approximately $139,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 in the last 90 days. Company insiders own 20.70% of the company's stock.

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Tesla Price Performance

Shares of Tesla stock traded up $1.76 on Tuesday, hitting $254.11. 78,792,804 shares of the company were exchanged, compared to its average volume of 95,953,117. Tesla, Inc. has a 1-year low of $138.80 and a 1-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 stock has a market capitalization of $817.35 billion, a price-to-earnings ratio of 124.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a 50-day moving average price of $282.67 and a 200 day moving average price of $323.51.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Guggenheim reduced their price objective on Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research note on Wednesday, March 12th. Truist Financial lowered their target price on Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research note on Thursday, April 3rd. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $298.59.

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.