Scotia Capital Inc. Has $41.63 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Scotia Capital Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,069 shares of the electric vehicle producer's stock after buying an additional 9,055 shares during the quarter. Scotia Capital Inc.'s holdings in Tesla were worth $41,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSLA. Phoenix Financial Ltd. lifted its position in Tesla by 56.7% in the fourth quarter. Phoenix Financial Ltd. now owns 62,932 shares of the electric vehicle producer's stock valued at $25,415,000 after acquiring an additional 22,771 shares during the last quarter. F M Investments LLC increased its position in Tesla by 58.6% during the fourth quarter. F M Investments LLC now owns 45,844 shares of the electric vehicle producer's stock worth $18,514,000 after buying an additional 16,935 shares during the period. Bessemer Group Inc. lifted its stake in Tesla by 1.6% in the fourth quarter. Bessemer Group Inc. now owns 90,690 shares of the electric vehicle producer's stock valued at $36,624,000 after buying an additional 1,422 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $2,281,000. Finally, Winslow Capital Management LLC grew its position in shares of Tesla by 48.6% during the fourth quarter. Winslow Capital Management LLC now owns 1,974,735 shares of the electric vehicle producer's stock worth $797,477,000 after acquiring an additional 645,609 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock worth $123,791,123 in the last 90 days. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Guggenheim reduced their target price on shares of Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. StockNews.com lowered shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Barclays boosted their target price on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $298.59.

Tesla Stock Performance

Tesla stock traded down $3.28 during mid-day trading on Monday, reaching $249.03. The company had a trading volume of 51,687,307 shares, compared to its average volume of 95,845,120. The company has a 50 day moving average of $285.19 and a 200-day moving average of $323.57. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $801.01 billion, a price-to-earnings ratio of 122.07, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

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 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%. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.