Swedbank AB Purchases 30,715 Shares of Tesla, Inc. (NASDAQ:TSLA)

Swedbank AB lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,129,432 shares of the electric vehicle producer's stock after buying an additional 30,715 shares during the period. Swedbank AB's holdings in Tesla were worth $456,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hengehold Capital Management LLC boosted its stake in Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the last quarter. Acropolis Investment Management LLC boosted its stake in Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its stake in Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after acquiring an additional 25 shares during the last quarter. Finally, Prospect Financial Services LLC grew its holdings in shares of Tesla by 0.3% in the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after buying an additional 26 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $36,761,200. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company's stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 665,776 shares of company stock worth $239,468,052 in the last three months. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLA. Wedbush boosted their price target on shares of Tesla from $515.00 to $550.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Canaccord Genuity Group boosted their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their target price on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $318.31.

Tesla Price Performance

TSLA stock traded down $14.04 during midday trading on Wednesday, reaching $378.17. The company had a trading volume of 57,076,100 shares, compared to its average volume of 74,715,766. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market capitalization of $1.22 trillion, a P/E ratio of 185.38, a P/E/G ratio of 6.79 and a beta of 2.34. The firm has a 50-day moving average price of $406.20 and a 200-day moving average price of $301.73.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.31% and a net margin of 7.26%. On average, research analysts anticipate that Tesla, Inc. will post 2.82 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.