TD Waterhouse Canada Inc. Has $50.09 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

TD Waterhouse Canada Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 35.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,109 shares of the electric vehicle producer's stock after buying an additional 32,724 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Tesla were worth $50,094,000 at the end of the most recent quarter.

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

Tesla Trading Up 5.5 %

NASDAQ TSLA traded up $13.10 on Wednesday, hitting $251.07. 149,563,812 shares of the company were exchanged, compared to its average volume of 96,201,924. Tesla, Inc. has a twelve month low of $157.51 and a twelve month high of $488.54. The company's 50 day moving average price is $269.39 and its 200-day moving average price is $322.54. The firm has a market capitalization of $807.56 billion, a P/E ratio of 123.07, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. 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 (NASDAQ:TSLA - Get Free Report) last posted 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). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Mizuho reduced their price objective on Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday. Piper Sandler reiterated an "overweight" rating on shares of Tesla in a research note on Tuesday. Robert W. Baird lowered their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Bank of America reduced their target price on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Ten analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $283.24.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $32,643,400. The trade was a 56.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's 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 transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 374,228 shares of company stock worth $123,791,123. 20.70% of the stock is owned by company insiders.

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.