Tesla, Inc. (NASDAQ:TSLA) is Trexquant Investment LP's 2nd Largest Position

Trexquant Investment LP boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,409 shares of the electric vehicle producer's stock after buying an additional 29,880 shares during the period. Tesla makes up about 0.7% of Trexquant Investment LP's holdings, making the stock its 2nd largest holding. Trexquant Investment LP's holdings in Tesla were worth $56,299,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after purchasing an additional 194,796 shares in the last quarter. United Bank purchased a new position in shares of Tesla during the 3rd quarter valued at about $287,000. Quantbot Technologies LP bought a new stake in Tesla in the 3rd quarter worth approximately $687,000. Cobblestone Capital Advisors LLC NY purchased a new stake in Tesla in the third quarter worth approximately $246,000. Finally, Kestra Investment Management LLC bought a new position in Tesla during the third quarter valued at approximately $875,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research note on Monday, January 6th. Cantor Fitzgerald raised Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 price objective on the stock in a research note on Wednesday, March 19th. Piper Sandler lowered their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Evercore ISI raised their price target on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. 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, eight have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $317.75.

Tesla Stock Up 3.6 %

Shares of Tesla stock traded up $9.30 during trading on Tuesday, hitting $268.46. The company's stock had a trading volume of 145,757,545 shares, compared to its average volume of 93,639,188. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market capitalization of $863.51 billion, a PE ratio of 131.60, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a fifty day simple moving average of $314.87 and a two-hundred day simple moving average of $323.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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 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%. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.