MML Investors Services LLC Acquires 14,232 Shares of Tesla, Inc. (NASDAQ:TSLA)

MML Investors Services LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 323,614 shares of the electric vehicle producer's stock after buying an additional 14,232 shares during the period. MML Investors Services LLC's holdings in Tesla were worth $130,688,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TSLA. Hengehold Capital Management LLC lifted its holdings in shares of Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the period. Strategic Investment Advisors MI boosted its position in Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after purchasing an additional 24 shares in the last quarter. Acropolis Investment Management LLC grew its stake in Tesla by 0.9% in 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 during the last quarter. Mount Vernon Associates Inc. MD increased its position in Tesla by 0.3% during the fourth 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 in the last quarter. Finally, Vista Finance LLC boosted its stake in shares of Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $41,745,581.15. This trade represents a 6.04 % 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 hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 over the last three months. Company insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSLA. Guggenheim reiterated a "sell" rating and set a $170.00 target price on shares of Tesla in a research report on Thursday. Barclays reduced their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Monday. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Thursday. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, Roth Mkm decreased their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average target price of $286.85.

Tesla Stock Up 1.9 %

Shares of Tesla stock traded up $4.78 during midday trading on Thursday, reaching $255.52. 64,032,383 shares of the company's stock traded hands, compared to its average volume of 96,075,799. The company has a market cap of $821.87 billion, a price-to-earnings ratio of 125.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 52 week low of $157.51 and a 52 week high of $488.54. The company's 50 day simple moving average is $267.29 and its 200 day simple moving average is $322.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the company earned $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share 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.