Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,449 shares of the electric vehicle producer's stock after acquiring an additional 2,439 shares during the quarter. Tesla comprises about 2.2% of IPG Investment Advisors LLC's investment portfolio, making the stock its 12th biggest holding. IPG Investment Advisors LLC's holdings in Tesla were worth $9,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLA. Vanguard Group Inc. raised its holdings in Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after acquiring an additional 3,571,793 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tesla by 1.8% during the 3rd 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 purchasing an additional 1,022,589 shares during the last quarter. Norges Bank acquired a new position in shares of Tesla in the 4th quarter worth approximately $14,420,248,000. Charles Schwab Investment Management Inc. lifted its position in shares of Tesla by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer's stock worth $6,996,871,000 after purchasing an additional 780,026 shares in the last quarter. Finally, Amundi raised its holdings in Tesla by 1.2% during the 4th quarter. Amundi now owns 12,957,272 shares of the electric vehicle producer's stock worth $5,117,345,000 after purchasing an additional 159,508 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Benchmark started coverage on shares of Tesla in a research report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price target for the company. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, UBS Group decreased their price objective on shares of Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a research note on Monday, March 10th. Nine analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $317.75.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 over the last quarter. 20.70% of the stock is owned by insiders.

Tesla Price Performance

NASDAQ TSLA traded down $4.39 during trading hours on Monday, reaching $259.16. The company's stock had a trading volume of 133,362,829 shares, compared to its average volume of 93,380,718. 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's 50-day moving average is $321.33 and its two-hundred day moving average is $323.01. The firm has a market capitalization of $833.59 billion, a price-to-earnings ratio of 127.04, a P/E/G ratio of 5.86 and a beta of 2.50.

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 net margin of 7.26% and a return on equity of 10.31%. On average, equities 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.