Pacer Advisors Inc. Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Pacer Advisors Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,599 shares of the electric vehicle producer's stock after purchasing an additional 24,877 shares during the period. Pacer Advisors Inc.'s holdings in Tesla were worth $130,278,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at $29,000. Clean Yield Group grew its position in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the third quarter worth approximately $35,000. M&R Capital Management Inc. boosted its stake in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, Finley Financial LLC bought a new position in shares of Tesla in the 4th quarter worth $64,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 617,886 shares of company stock worth $212,451,751. Company insiders own 20.70% of the company's stock.

Tesla Trading Up 2.9 %

Shares of TSLA traded up $11.18 during trading hours on Thursday, hitting $400.28. 97,185,265 shares of the stock were exchanged, compared to its average volume of 75,047,398. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business has a 50-day moving average of $401.98 and a 200-day moving average of $297.28.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. On average, research analysts expect that Tesla, Inc. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSLA shares. UBS Group increased their price target on Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a report on Monday, November 25th. Morgan Stanley lifted their price target on shares of Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. HSBC reissued a "reduce" rating and set a $124.00 price objective on shares of Tesla in a research report on Friday, October 11th. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Finally, Evercore ISI lifted their target price on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $317.28.

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.