Tesla, Inc. (NASDAQ:TSLA) is Forsta AP Fonden's 7th Largest Position

Forsta AP Fonden grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 747,900 shares of the electric vehicle producer's stock after acquiring an additional 13,200 shares during the quarter. Tesla comprises approximately 2.1% of Forsta AP Fonden's portfolio, making the stock its 7th biggest position. Forsta AP Fonden's holdings in Tesla were worth $302,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the third quarter valued at $29,000. Clean Yield Group boosted its holdings in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Tesla during the third quarter valued at approximately $35,000. Finley Financial LLC bought a new position in Tesla during the fourth quarter valued at approximately $64,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock worth $56,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $31,548,461.84. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 665,776 shares of company stock valued at $239,468,052 in the last 90 days. Company insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSLA. Guggenheim reissued a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, January 29th. Oppenheimer reissued a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Mizuho reiterated an "outperform" rating and issued a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, January 30th. Finally, Evercore ISI raised their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research note on Friday, January 3rd. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $318.31.

Tesla Trading Down 3.6 %

NASDAQ TSLA traded down $14.04 on Wednesday, hitting $378.17. 57,076,100 shares of the stock were exchanged, compared to its average volume of 74,715,766. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a fifty day moving average price of $406.20 and a two-hundred day moving average price of $301.73. The firm has a market capitalization of $1.22 trillion, a P/E ratio of 185.38, a P/E/G ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. Research analysts forecast that Tesla, Inc. will post 2.82 EPS for the current fiscal 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.