UNICOM Systems Inc. Acquires New Holdings in Tesla, Inc. (NASDAQ:TSLA)

UNICOM Systems Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 215,500 shares of the electric vehicle producer's stock, valued at approximately $87,028,000. Tesla comprises about 21.1% of UNICOM Systems Inc.'s portfolio, making the stock its largest position.

A number of other institutional investors also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new position in Tesla during the third quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares during the period. Finley Financial LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $64,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Tesla by 136.4% in the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer's stock valued at $80,000 after buying an additional 176 shares during the period. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $440.00 price target on shares of Tesla in a report on Thursday, January 30th. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and increased their target price for the stock from $400.00 to $490.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and an average target price of $326.50.

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Insider Activity

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 523,386 shares of company stock worth $195,995,200. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock traded down $1.20 on Tuesday, hitting $354.65. The company's stock had a trading volume of 27,747,998 shares, compared to its average volume of 75,893,945. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock's 50 day moving average is $405.64 and its 200-day moving average is $309.75. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a market capitalization of $1.14 trillion, a PE ratio of 173.83, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 2.54 earnings per share for the current fiscal year.

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.