Quadrant Capital Group LLC Grows Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Quadrant Capital Group LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,493 shares of the electric vehicle producer's stock after acquiring an additional 2,801 shares during the quarter. Tesla comprises 0.9% of Quadrant Capital Group LLC's holdings, making the stock its 17th largest position. Quadrant Capital Group LLC's holdings in Tesla were worth $12,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSLA. Norges Bank acquired a new position in shares of Tesla during the 4th quarter valued at about $14,420,248,000. Strategic Financial Concepts LLC raised its stake in Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after purchasing an additional 8,637,195 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after purchasing an additional 5,719,466 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Tesla by 55,181.0% during the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock worth $1,769,899,000 after buying an additional 4,374,746 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Tesla by 194.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock valued at $2,215,765,000 after buying an additional 3,624,910 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

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Tesla Stock Down 2.6 %

Shares of NASDAQ:TSLA traded down $6.14 during mid-day trading on Monday, reaching $233.29. 181,900,757 shares of the stock were exchanged, compared to its average volume of 94,622,735. The company has a market cap of $750.38 billion, a P/E ratio of 114.36, a P/E/G ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock's 50 day simple moving average is $305.98 and its 200-day simple moving average is $324.24. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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 7.26% and a return on equity of 10.31%. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price target on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a research report on Thursday. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a report on Monday, January 6th. Glj Research reiterated a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Finally, Truist Financial decreased their price target on Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $305.31.

Insider Transactions at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 370,228 shares of company stock valued at $122,791,123. 20.70% of the stock is currently 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.