O Shaughnessy Asset Management LLC Purchases 44,259 Shares of Tesla, Inc. (NASDAQ:TSLA)

O Shaughnessy Asset Management LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,255 shares of the electric vehicle producer's stock after buying an additional 44,259 shares during the quarter. Tesla comprises 0.8% of O Shaughnessy Asset Management LLC's portfolio, making the stock its 18th biggest holding. O Shaughnessy Asset Management LLC's holdings in Tesla were worth $92,986,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Horrell Capital Management Inc. grew its stake in shares of 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 purchasing an additional 34 shares during the last quarter. GS Investments Inc. increased its stake 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 valued at $36,000 after buying an additional 58 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the fourth quarter worth $38,000. Delos Wealth Advisors LLC increased its position in Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC bought a new stake in Tesla during the 4th quarter worth about $44,000. Institutional investors own 66.20% of the company's stock.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company'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 sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by company insiders.

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Tesla Stock Performance

TSLA traded down $4.39 on Monday, reaching $259.16. The company had a trading volume of 133,362,829 shares, compared to its average volume of 93,380,718. The company's fifty day moving average is $321.33 and its 200 day moving average is $323.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market cap of $833.59 billion, a P/E ratio of 127.04, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results 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%. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Monday, February 10th. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Mizuho cut their target price on shares of Tesla from $515.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Finally, Benchmark began coverage on shares of Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price target for the company. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $317.75.

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.