Oak Ridge Investments LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Oak Ridge Investments LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,815 shares of the electric vehicle producer's stock after purchasing an additional 2,312 shares during the quarter. Tesla comprises approximately 1.3% of Oak Ridge Investments LLC's investment portfolio, making the stock its 16th biggest holding. Oak Ridge Investments LLC's holdings in Tesla were worth $16,483,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSLA. Abich Financial Wealth Management LLC grew its holdings in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the 3rd quarter worth about $29,000. Clean Yield Group raised its position 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 worth $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Tesla during the 3rd quarter worth about $35,000. Finally, M&R Capital Management Inc. raised its holdings in Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 0.6 %

Shares of NASDAQ:TSLA traded down $2.43 during trading on Tuesday, reaching $424.07. The stock had a trading volume of 86,903,227 shares, compared to its average volume of 82,108,117. The business has a fifty day moving average price of $391.47 and a 200-day moving average price of $290.05. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.36 trillion, a P/E ratio of 116.18, a PEG ratio of 8.60 and a beta of 2.30. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock valued at $213,451,751 over the last 90 days. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSLA shares. UBS Group increased their price objective on shares of Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a report on Monday, November 25th. Morgan Stanley increased their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Evercore ISI increased their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Robert W. Baird increased their target price on shares of Tesla from $280.00 to $480.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $304.94.

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.