Treasurer of the State of North Carolina Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Treasurer of the State of North Carolina lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,292,628 shares of the electric vehicle producer's stock after buying an additional 12,222 shares during the quarter. Tesla makes up about 2.0% of Treasurer of the State of North Carolina's holdings, making the stock its 6th largest position. Treasurer of the State of North Carolina's holdings in Tesla were worth $522,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Tesla in the 4th quarter valued at about $14,420,248,000. FMR LLC raised its position in shares of Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after buying an additional 9,920,325 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after buying an additional 8,637,195 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Tesla by 55,181.0% in the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after acquiring an additional 4,374,746 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, 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 sold 374,228 shares of company stock worth $123,791,123. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 1.5 %

NASDAQ:TSLA traded down $3.71 during mid-day trading on Monday, reaching $248.60. The stock had a trading volume of 58,905,182 shares, compared to its average volume of 95,864,280. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market cap of $799.63 billion, a P/E ratio of 121.86, a PEG ratio of 5.86 and a beta of 2.58. The business's 50 day moving average is $285.19 and its 200 day moving average is $323.57. 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 released its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSLA. Stifel Nicolaus lowered their price objective on Tesla from $474.00 to $455.00 and set a "buy" rating for the company in a research report on Monday, March 31st. UBS Group lowered their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday. Mizuho cut their price objective on shares of Tesla from $430.00 to $375.00 and set an "outperform" rating on the stock in a report on Thursday. Glj Research restated a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $425.00 price target on shares of Tesla in a research note on Thursday, April 3rd. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $298.59.

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.