NTV Asset Management LLC Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

NTV Asset Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,248 shares of the electric vehicle producer's stock after purchasing an additional 798 shares during the period. NTV Asset Management LLC's holdings in Tesla were worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new stake in Tesla during the third quarter valued at approximately $29,000. Peterson Financial Group Inc. purchased a new stake in Tesla during the third quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Tesla during the fourth quarter valued at approximately $46,000. PayPay Securities Corp increased its holdings in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock valued at $49,000 after buying an additional 69 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after buying an additional 187 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 4.7 %

Shares of NASDAQ:TSLA traded down $16.60 during trading on Friday, reaching $337.80. The stock had a trading volume of 73,720,762 shares, compared to its average volume of 75,434,742. The firm's 50-day simple moving average is $402.14 and its 200 day simple moving average is $311.43. The company has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a PEG ratio of 5.97 and a beta of 2.34. 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, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and upped their target price for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Stifel Nicolaus dropped their target price on shares of Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Finally, New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $326.50.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last three months. Corporate insiders own 20.70% of the company's stock.

Tesla Company 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.