Motley Fool Asset Management LLC Has $59.25 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Motley Fool Asset Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,719 shares of the electric vehicle producer's stock after buying an additional 18,150 shares during the quarter. Tesla accounts for 3.1% of Motley Fool Asset Management LLC's portfolio, making the stock its 6th largest position. Motley Fool Asset Management LLC's holdings in Tesla were worth $59,251,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Horrell Capital Management Inc. boosted its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the fourth quarter valued at about $38,000. Delos Wealth Advisors LLC raised its holdings in shares of Tesla by 300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after buying an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

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Tesla Stock Performance

Shares of Tesla stock traded down $15.48 during trading on Thursday, hitting $267.28. 135,622,518 shares of the stock were exchanged, compared to its average volume of 94,233,690. 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, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock's fifty day moving average is $309.32 and its 200 day moving average is $322.81. The stock has a market cap of $859.71 billion, a PE ratio of 131.02, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on shares of Tesla from $474.00 to $455.00 and set a "buy" rating for the company in a research report on Monday. Bank of America dropped their price target on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Piper Sandler decreased their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada dropped their target price on Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Finally, Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average price target of $312.65.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 477,011 shares in the company, valued at $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 sold 477,228 shares of company stock valued at $166,849,043 in the last three months. 20.70% of the stock is currently owned by corporate insiders.

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.