Meeder Advisory Services Inc. Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Meeder Advisory Services Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,969 shares of the electric vehicle producer's stock after buying an additional 6,175 shares during the period. Tesla makes up 1.2% of Meeder Advisory Services Inc.'s investment portfolio, making the stock its 18th largest holding. Meeder Advisory Services Inc.'s holdings in Tesla were worth $18,564,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Horrell Capital Management Inc. boosted its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. lifted its holdings in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in Tesla in the 4th quarter valued at $38,000. Delos Wealth Advisors LLC increased its stake in Tesla by 300.0% during the 4th 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 in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Tesla in the fourth quarter valued at $44,000. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TSLA shares. Royal Bank of Canada decreased their target price on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Glj Research reaffirmed a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Finally, Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $317.75.

Remove Ads

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated 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 sale, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 477,228 shares of company stock worth $166,849,043. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

NASDAQ TSLA traded up $14.30 during trading on Wednesday, reaching $282.76. The company's stock had a trading volume of 208,761,633 shares, compared to its average volume of 94,020,294. The firm has a fifty day moving average of $312.22 and a 200 day moving average of $323.20. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock has a market capitalization of $909.50 billion, a PE ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50. 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 earnings per share 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%. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.