Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4,963.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,834,707 shares of the electric vehicle producer's stock after acquiring an additional 5,719,466 shares during the period. Tesla accounts for about 0.7% of Massachusetts Financial Services Co. MA's investment portfolio, making the stock its 24th largest position. Massachusetts Financial Services Co. MA owned about 0.18% of Tesla worth $2,356,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Horrell Capital Management Inc. raised its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. boosted its stake in 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 acquiring an additional 58 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Tesla during the fourth quarter valued at approximately $38,000. Delos Wealth Advisors LLC increased its stake in Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Tesla during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Remove Ads

Tesla Price Performance

Tesla stock traded up $14.30 during mid-day trading on Wednesday, hitting $282.76. The stock had a trading volume of 208,761,633 shares, compared to its average volume of 94,020,294. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $909.50 billion, a P/E ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50. The firm's 50 day moving average is $312.22 and its 200 day moving average is $323.20.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target for the company in a research note on Monday, January 6th. Piper Sandler reduced their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Evercore ISI lifted their price objective 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. JPMorgan Chase & Co. lowered their target price on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald raised Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 target price on the stock in a research report on Wednesday, March 19th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $317.75.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock worth $166,849,043 in the last quarter. 20.70% of the stock is owned by company insiders.

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.