Landscape Capital Management L.L.C. Buys 2,510 Shares of Tesla, Inc. (NASDAQ:TSLA)

Landscape Capital Management L.L.C. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 172.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,967 shares of the electric vehicle producer's stock after buying an additional 2,510 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Tesla were worth $1,602,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Horrell Capital Management Inc. increased its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. increased its position in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in Tesla during the 4th quarter worth $38,000. Delos Wealth Advisors LLC lifted its holdings in Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after acquiring an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of Tesla in the fourth quarter worth about $44,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSLA shares. Truist Financial reduced their price target on shares of Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a report on Thursday. Benchmark started coverage on Tesla in a report on Wednesday, February 12th. They set a "buy" rating and a $475.00 target price for the company. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Royal Bank of Canada cut their target price on Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, Stifel Nicolaus decreased their price target on shares of Tesla from $474.00 to $455.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus price target of $312.65.

Remove Ads

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the 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 completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA stock traded down $27.85 during midday trading on Friday, reaching $239.43. The company had a trading volume of 180,231,397 shares, compared to its average volume of 94,269,783. The company has a market capitalization of $770.13 billion, a price-to-earnings ratio of 117.37, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. 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 stock has a 50 day moving average price of $305.98 and a 200-day moving average price of $322.90.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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%. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.