Investment House LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the electric vehicle producer’s stock after purchasing an additional 1,000 shares during the period. Investment House LLC’s holdings in Tesla were worth $2,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in shares of Tesla by 194.8% in the second quarter. Federated Hermes Inc. now owns 973 shares of the electric vehicle producer’s stock worth $1,050,000 after buying an additional 643 shares in the last quarter. FormulaFolio Investments LLC purchased a new stake in Tesla in the 2nd quarter worth $726,000. Laidlaw Wealth Management LLC purchased a new stake in shares of Tesla in the second quarter worth about $217,000. Rockbridge Investment Management LCC purchased a new stake in shares of Tesla in the second quarter worth about $229,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tesla by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 398,451 shares of the electric vehicle producer’s stock worth $430,252,000 after buying an additional 13,139 shares in the last quarter. 48.22% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on TSLA. Needham & Company LLC initiated coverage on shares of Tesla in a research note on Wednesday, September 23rd. They set a “sell” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Tesla from $117.00 to $137.00 and gave the stock a “sell” rating in a research report on Tuesday, October 27th. Barclays lifted their price objective on shares of Tesla from $125.00 to $230.00 in a report on Thursday, December 17th. BNP Paribas downgraded Tesla from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $385.00 to $340.00 in a research note on Tuesday, January 5th. Finally, Sanford C. Bernstein set a $180.00 price target on Tesla and gave the stock a “sell” rating in a research note on Thursday, October 22nd. Twelve research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $325.36.

In other news, CFO Zachary Kirkhorn sold 1,250 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $446.24, for a total transaction of $557,800.00. Following the completion of the sale, the chief financial officer now directly owns 56,874 shares in the company, valued at $25,379,453.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $424.60, for a total value of $4,246,000.00. Following the sale, the senior vice president now owns 29,837 shares of the company’s stock, valued at $12,668,790.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,643 shares of company stock valued at $92,195,056. 23.00% of the stock is owned by insiders.

Shares of TSLA traded up $4.97 during trading hours on Wednesday, hitting $854.41. The stock had a trading volume of 32,765,223 shares, compared to its average volume of 48,840,941. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.25. The firm has a market cap of $809.90 billion, a P/E ratio of 2,223.96, a P/E/G ratio of 20.46 and a beta of 1.68. The company’s fifty day simple moving average is $665.84 and its 200 day simple moving average is $447.94. Tesla, Inc. has a 12-month low of $70.10 and a 12-month high of $884.49.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.54. Tesla had a return on equity of 4.19% and a net margin of 1.43%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 0.62 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

See Also: Return on Equity (ROE)

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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