Sava Infond d.o.o. Buys Shares of 1,690 Tesla, Inc. (NASDAQ:TSLA)

Sava Infond d.o.o. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,690 shares of the electric vehicle producer's stock, valued at approximately $682,000.

A number of other hedge funds also recently made changes to their positions in TSLA. Principal Financial Group Inc. raised its stake in 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 buying an additional 194,796 shares during the last quarter. United Bank bought a new position in Tesla during the third quarter worth $287,000. Quantbot Technologies LP acquired a new stake in Tesla in the third quarter worth $687,000. Insight Wealth Partners LLC increased its stake in Tesla by 4.9% in the third quarter. Insight Wealth Partners LLC now owns 1,441 shares of the electric vehicle producer's stock valued at $377,000 after purchasing an additional 67 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Tesla by 34.1% during the third quarter. Glenmede Trust Co. NA now owns 50,899 shares of the electric vehicle producer's stock valued at $13,317,000 after purchasing an additional 12,955 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 3.5 %

TSLA stock traded down $9.58 during midday trading on Friday, hitting $263.55. The company had a trading volume of 123,100,723 shares, compared to its average volume of 93,218,015. The stock has a market cap of $847.71 billion, a price-to-earnings ratio of 129.19, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $321.33 and its 200 day moving average price is $322.34.

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Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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 expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group reduced their target price on Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday. Benchmark assumed coverage on Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 target price on the stock. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Finally, Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $318.34.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction 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. The trade was 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 firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 477,228 shares of company stock worth $166,849,043. 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.