Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 148.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,529 shares of the electric vehicle producer's stock after purchasing an additional 8,670 shares during the period. Tesla accounts for about 1.8% of PARUS FINANCE UK Ltd's holdings, making the stock its 17th biggest position. PARUS FINANCE UK Ltd's holdings in Tesla were worth $5,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in TSLA. Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. grew its stake in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Tesla during the 4th quarter worth $38,000. Cyrus J. Lawrence LLC acquired a new position in Tesla in the fourth quarter valued at $44,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Tesla in the 4th quarter valued at about $46,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $4.39 during trading on Monday, reaching $259.16. The stock had a trading volume of 131,586,506 shares, compared to its average volume of 93,376,089. 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 PE ratio of 127.04, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm's 50 day moving average price is $321.33 and its two-hundred day moving average price is $323.01.

Remove Ads

Tesla (NASDAQ:TSLA - Get Free Report) last released its 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 net margin of 7.26% and a return on equity of 10.31%. On average, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TSLA shares. Truist Financial boosted their price objective on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Stifel Nicolaus reduced their price objective on Tesla from $474.00 to $455.00 and set a "buy" rating on the stock in a research note on Monday. Evercore ISI raised their price target on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Finally, Wedbush reissued an "outperform" rating and issued a $550.00 price objective on shares of Tesla in a research report on Thursday. Nine 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and an average price target of $317.75.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. The trade was 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 worth $166,849,043 over the last quarter. 20.70% of the stock is owned by company insiders.

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.