Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,303 shares of the electric vehicle producer's stock after purchasing an additional 2,198 shares during the period. Tesla comprises approximately 1.3% of Prosperity Financial Group Inc.'s portfolio, making the stock its 24th biggest holding. Prosperity Financial Group Inc.'s holdings in Tesla were worth $2,545,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Tesla by 1.8% in the third quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock valued at $15,469,792,000 after acquiring an additional 1,022,589 shares in the last quarter. FMR LLC lifted its position in shares of Tesla by 3.5% in the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock valued at $6,473,008,000 after acquiring an additional 828,308 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after acquiring an additional 2,946,763 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tesla by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer's stock valued at $6,996,871,000 after acquiring an additional 780,026 shares in the last quarter. Finally, Amundi lifted its position in shares of Tesla by 1.2% in the fourth quarter. Amundi now owns 12,957,272 shares of the electric vehicle producer's stock valued at $5,117,345,000 after acquiring an additional 159,508 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 3.8 %

NASDAQ:TSLA opened at $230.58 on Wednesday. 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 12-month low of $138.80 and a 12-month high of $488.54. The business has a 50 day simple moving average of $360.40 and a 200 day simple moving average of $319.53. The firm has a market capitalization of $741.66 billion, a P/E ratio of 113.03, a P/E/G ratio of 5.86 and a beta of 2.50.

Remove Ads

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. Equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSLA. Evercore ISI upped their price objective on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Benchmark assumed coverage on Tesla in a research report on Wednesday, February 12th. They set a "buy" rating and a $475.00 target price on the stock. UBS Group reduced their target price on Tesla from $259.00 to $225.00 and set a "sell" rating on the stock in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Monday, February 10th. Finally, The Goldman Sachs Group reiterated a "cautious" rating on shares of Tesla in a research report on Monday, March 3rd. Nine analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price of $326.43.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $7,242,273.50. The trade was a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company'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 sale, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 422,452 shares of company stock valued at $153,659,530. Company insiders own 20.70% of the company's stock.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.