738 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Private Management Group Inc.

Private Management Group Inc. bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 738 shares of the electric vehicle producer's stock, valued at approximately $298,000.

Other institutional investors have also added to or reduced their stakes in the company. Vestia Personal Wealth Advisors raised its stake in shares of Tesla by 114.3% in the fourth quarter. Vestia Personal Wealth Advisors now owns 2,734 shares of the electric vehicle producer's stock worth $1,104,000 after buying an additional 1,458 shares during the period. Tectonic Advisors LLC bought a new position in shares of Tesla in the fourth quarter worth about $257,000. Money Concepts Capital Corp boosted its stake in Tesla by 22.8% in the 4th quarter. Money Concepts Capital Corp now owns 5,188 shares of the electric vehicle producer's stock worth $2,095,000 after purchasing an additional 963 shares during the period. Massachusetts Wealth Management grew its holdings in Tesla by 32.9% during the 4th quarter. Massachusetts Wealth Management now owns 1,900 shares of the electric vehicle producer's stock valued at $767,000 after buying an additional 470 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its position in shares of Tesla by 90.9% during the fourth quarter. Quattro Financial Advisors LLC now owns 418 shares of the electric vehicle producer's stock valued at $169,000 after buying an additional 199 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale 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 on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Up 5.8 %

NASDAQ TSLA traded up $19.43 during trading on Thursday, reaching $355.94. 88,948,549 shares of the company's stock traded hands, compared to its average volume of 77,848,961. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $1.14 trillion, a price-to-earnings ratio of 174.48, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company's 50 day simple moving average is $407.25 and its two-hundred day simple moving average is $306.44.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Jefferies Financial Group raised their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their target price on Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, January 30th. Benchmark initiated coverage on Tesla in a report on Wednesday. They set a "buy" rating and a $475.00 price target for the company. Finally, Wedbush upped their price objective on Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $326.50.

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.