Tower Research Capital LLC TRC Acquires 101,785 Shares of Tesla, Inc. (NASDAQ:TSLA)

Tower Research Capital LLC TRC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 99.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,657 shares of the electric vehicle producer's stock after buying an additional 101,785 shares during the quarter. Tesla comprises about 1.6% of Tower Research Capital LLC TRC's investment portfolio, making the stock its 9th largest holding. Tower Research Capital LLC TRC's holdings in Tesla were worth $82,245,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TSLA. Principal Financial Group Inc. raised its position in shares of Tesla by 5.6% in the 3rd 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 during the last quarter. M&T Bank Corp increased its position in shares of Tesla by 13.3% in the 3rd quarter. M&T Bank Corp now owns 341,442 shares of the electric vehicle producer's stock valued at $89,332,000 after acquiring an additional 39,961 shares during the period. McIlrath & Eck LLC grew its stake in Tesla by 6.0% during the 3rd quarter. McIlrath & Eck LLC now owns 3,401 shares of the electric vehicle producer's stock valued at $890,000 after purchasing an additional 192 shares during the last quarter. Advisory Resource Group raised its stake in shares of Tesla by 1.2% in the third quarter. Advisory Resource Group now owns 4,260 shares of the electric vehicle producer's stock worth $1,115,000 after purchasing an additional 50 shares during the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of Tesla by 46.0% during the third quarter. Morse Asset Management Inc now owns 8,712 shares of the electric vehicle producer's stock worth $2,279,000 after purchasing an additional 2,743 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Stock Up 2.6 %

NASDAQ TSLA traded up $6.57 during trading hours on Thursday, hitting $257.31. The company had a trading volume of 68,042,143 shares, compared to its average volume of 106,307,672. The firm's 50 day moving average is $267.29 and its 200 day moving average is $322.05. The company has a market capitalization of $827.63 billion, a price-to-earnings ratio of 126.13, a P/E/G ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a fifty-two week low of $158.36 and a fifty-two week high of $488.54. 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 (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. 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 Kimbal Musk sold 75,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 in the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. Wedbush reiterated an "outperform" rating and set a $350.00 price objective (up previously from $315.00) on shares of Tesla in a research note on Tuesday. Guggenheim reaffirmed a "sell" rating and issued a $170.00 price target on shares of Tesla in a research note on Thursday. Mizuho lowered their target price on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday. Raymond James lowered shares of Tesla to an "outperform" rating in a research report on Tuesday. Finally, TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and raised their target price for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $286.85.

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.