1,037 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Rossby Financial LCC

Rossby Financial LCC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,037 shares of the electric vehicle producer's stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares during the period. M&T Bank Corp grew its holdings in Tesla by 13.3% in the 3rd quarter. M&T Bank Corp now owns 341,442 shares of the electric vehicle producer's stock valued at $89,332,000 after buying an additional 39,961 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Tesla by 6.0% during the third quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock worth $890,000 after buying an additional 192 shares in the last quarter. Advisory Resource Group grew its stake in shares of Tesla by 1.2% in the third quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock valued at $1,115,000 after acquiring an additional 50 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in Tesla by 46.0% during the third quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock worth $2,279,000 after acquiring an additional 2,743 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the 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 transaction, the director now owns 85,000 shares in the company, valued at $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock valued at $123,791,123 over the last quarter. Insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSLA shares. Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on Tesla from $320.00 to $275.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler cut their target price on Tesla from $450.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday. Royal Bank of Canada decreased their price target on Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Finally, Morgan Stanley cut their price objective on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $292.18.

Tesla Trading Down 0.2 %

Shares of TSLA stock traded down $0.39 on Friday, hitting $241.17. The company had a trading volume of 83,173,157 shares, compared to its average volume of 95,997,504. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. 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 firm has a market cap of $775.71 billion, a P/E ratio of 118.22, a P/E/G ratio of 5.86 and a beta of 2.58. The stock's 50-day moving average is $273.93 and its two-hundred day moving average is $322.21.

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 (EPS) 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%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.