United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $3.23 Million in Tesla, Inc. (NASDAQ:TSLA)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the electric vehicle producer's stock, valued at approximately $3,231,000.

Several other institutional investors also recently modified their holdings of the company. Horrell Capital Management Inc. boosted its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its holdings in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new position in Tesla in the 4th quarter valued at about $38,000. Cyrus J. Lawrence LLC bought a new position in Tesla in the 4th quarter valued at about $44,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Tesla during the fourth quarter worth approximately $46,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by company insiders.

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Tesla Stock Down 3.5 %

Shares of TSLA traded down $9.59 on Friday, reaching $263.54. The company's stock had a trading volume of 95,931,236 shares, compared to its average volume of 93,056,138. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock has a market capitalization of $847.67 billion, a PE ratio of 129.14, a PEG ratio of 5.86 and a beta of 2.50. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $324.59 and a 200-day moving average of $321.35.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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 net margin of 7.26% and a return on equity of 10.31%. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Roth Mkm upgraded Tesla from a "neutral" rating to a "buy" rating and increased their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and lifted their target price for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Canaccord Genuity Group restated a "buy" rating and issued a $404.00 price target on shares of Tesla in a research note on Monday, March 17th. Benchmark began coverage on shares of Tesla in a research note on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a "cautious" rating on shares of Tesla in a report on Monday, March 3rd. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $318.34.

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.