Syon Capital LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Syon Capital LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 123.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,331 shares of the electric vehicle producer's stock after buying an additional 6,821 shares during the quarter. Syon Capital LLC's holdings in Tesla were worth $4,980,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. raised its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the fourth quarter worth $38,000. Delos Wealth Advisors LLC lifted its holdings in shares of Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC purchased a new position in Tesla in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSLA. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Cantor Fitzgerald reduced their price objective on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday. Roth Mkm dropped their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday. Wedbush reissued an "outperform" rating and issued a $350.00 price target (up from $315.00) on shares of Tesla in a report on Tuesday. Finally, BNP Paribas set a $137.00 price objective on Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $287.46.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm's 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 directly owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was 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 quarter. 20.70% of the stock is owned by insiders.

Tesla Trading Up 9.8 %

Tesla stock traded up $25.44 during trading on Friday, hitting $284.95. The company's stock had a trading volume of 166,882,151 shares, compared to its average volume of 96,017,428. The stock's fifty day moving average is $265.36 and its 200 day moving average is $322.18. Tesla, Inc. has a 1-year low of $166.37 and a 1-year high of $488.54. The stock has a market capitalization of $916.55 billion, a price-to-earnings ratio of 139.68, a P/E/G ratio of 5.86 and a beta of 2.58. 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 data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company 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.