Schroder Investment Management Group Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Schroder Investment Management Group lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,351,851 shares of the electric vehicle producer's stock after buying an additional 1,007,647 shares during the period. Tesla makes up approximately 0.9% of Schroder Investment Management Group's holdings, making the stock its 17th largest holding. Schroder Investment Management Group owned about 0.07% of Tesla worth $949,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. World Investment Advisors LLC increased its holdings in shares of Tesla by 1,248.9% in the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after purchasing an additional 184,459 shares in the last quarter. Destination Wealth Management raised its stake in shares of Tesla by 12.1% in the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after buying an additional 1,359 shares during the period. Stephens Consulting LLC increased its stake in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. MML Investors Services LLC boosted its holdings in Tesla by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after buying an additional 9,919 shares during the period. Finally, Wellington Management Group LLP increased its stake in Tesla by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after buying an additional 2,511,488 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

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Insider Activity

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock worth $166,849,043 in the last ninety days. Company insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSLA. Morgan Stanley decreased their target price on Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Mizuho cut their target price on shares of Tesla from $515.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Barclays boosted their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Finally, Benchmark started coverage on Tesla in a research report on Wednesday, February 12th. They set a "buy" rating and a $475.00 price objective for the company. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $317.75.

Tesla Stock Performance

Tesla stock traded down $4.39 during midday trading on Monday, hitting $259.16. 133,362,829 shares of the company were exchanged, compared to its average volume of 93,380,107. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $833.59 billion, a PE ratio of 127.04, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The business has a fifty day simple moving average of $321.33 and a two-hundred day simple moving average of $323.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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

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.