Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,685,988 shares of the electric vehicle producer's stock after acquiring an additional 345,368 shares during the period. Tesla comprises 1.9% of Mitsubishi UFJ Asset Management Co. Ltd.'s investment portfolio, making the stock its 8th biggest position. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Tesla worth $1,923,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC increased its stake in Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after buying an additional 184,459 shares during the period. Destination Wealth Management raised its stake in shares of Tesla by 12.1% in the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after acquiring an additional 1,359 shares in the last quarter. Stephens Consulting LLC boosted its holdings in Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the period. Vinva Investment Management Ltd grew its stake in Tesla by 59.2% during the 3rd quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock worth $30,593,000 after purchasing an additional 43,685 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Tesla by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after purchasing an additional 9,919 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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Tesla Price Performance

Shares of TSLA traded down $9.58 during mid-day trading on Friday, hitting $263.55. The company's stock had a trading volume of 123,100,723 shares, compared to its average volume of 93,218,015. The firm has a 50-day simple moving average of $321.33 and a 200 day simple moving average of $321.68. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market capitalization of $847.71 billion, a P/E ratio of 129.19, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at $114,859,478.69. This represents a 10.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value 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 represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSLA shares. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Royal Bank of Canada reduced their price objective on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Morgan Stanley lowered their target price on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Finally, Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $318.34.

About Tesla

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.