Mariner LLC Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

Mariner LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,151,934 shares of the electric vehicle producer's stock after purchasing an additional 923,254 shares during the quarter. Tesla comprises approximately 1.5% of Mariner LLC's holdings, making the stock its 7th largest position. Mariner LLC owned about 0.07% of Tesla worth $869,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Principal Financial Group Inc. lifted its position in shares of Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares during the period. M&T Bank Corp raised its stake in shares of Tesla by 13.3% in the third quarter. M&T Bank Corp now owns 341,442 shares of the electric vehicle producer's stock valued at $89,332,000 after purchasing an additional 39,961 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Tesla by 6.0% during the third quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock worth $890,000 after buying an additional 192 shares in the last quarter. Advisory Resource Group raised its stake in shares of Tesla by 1.2% in the 3rd quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock valued at $1,115,000 after buying an additional 50 shares in the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of Tesla by 46.0% during the 3rd quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock worth $2,279,000 after acquiring an additional 2,743 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

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Tesla Trading Down 4.9 %

NASDAQ TSLA traded down $12.56 during trading on Wednesday, reaching $241.55. 111,893,536 shares of the stock traded hands, compared to its average volume of 96,000,727. The stock's 50-day moving average price is $280.27 and its 200 day moving average price is $323.03. 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 $776.95 billion, a price-to-earnings ratio of 118.41, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Glj Research restated a "buy" rating on shares of Tesla in a research report on Tuesday, March 11th. UBS Group dropped their price objective on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Eight investment 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $297.03.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the 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 completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % 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 over the last ninety days. Company insiders own 20.70% of the company's stock.

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.