Murphy & Mullick Capital Management Corp Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Murphy & Mullick Capital Management Corp bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,800 shares of the electric vehicle producer's stock, valued at approximately $3,958,000. Tesla accounts for about 3.6% of Murphy & Mullick Capital Management Corp's investment portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Horrell Capital Management Inc. raised its position in Tesla by 75.6% during the fourth 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 in the last quarter. GS Investments Inc. grew its position in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in Tesla during the fourth quarter worth approximately $38,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Tesla in the 4th quarter valued at about $44,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Tesla in the fourth quarter valued at $46,000. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 price objective on the stock in a research note on Wednesday, March 19th. UBS Group decreased their price objective on shares of Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a report on Monday, March 10th. Truist Financial lifted their price target on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, Guggenheim dropped their target price on Tesla from $175.00 to $170.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Nine 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus price target of $318.34.

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Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the 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 sale, the director now directly owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 477,228 shares of company stock valued at $166,849,043 in the last 90 days. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

Shares of Tesla stock traded down $8.52 on Friday, reaching $264.61. 87,686,733 shares of the stock were exchanged, compared to its average volume of 93,023,128. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business has a 50 day moving average price of $324.59 and a two-hundred day moving average price of $321.35. 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 firm has a market capitalization of $851.11 billion, a price-to-earnings ratio of 129.44, a PEG ratio of 5.86 and a beta of 2.50.

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 return on equity of 10.31% and a net margin of 7.26%. Analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.