Northstar Asset Management LLC Has $692,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Northstar Asset Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,786 shares of the electric vehicle producer’s stock after acquiring an additional 75 shares during the quarter. Northstar Asset Management LLC’s holdings in Tesla were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TSLA. Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after acquiring an additional 3,453,078 shares during the period. State Street Corp lifted its stake in Tesla by 0.7% in the 1st quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer’s stock valued at $20,680,162,000 after purchasing an additional 685,454 shares during the last quarter. Morgan Stanley lifted its stake in Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. FMR LLC raised its stake in shares of Tesla by 0.9% during the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after acquiring an additional 269,182 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tesla during the fourth quarter valued at $3,459,540,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Barclays dropped their price target on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th. The Goldman Sachs Group decreased their price objective on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Robert W. Baird decreased their price objective on shares of Tesla from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, TD Cowen reduced their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $198.81.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Performance

TSLA stock traded down $3.55 during mid-day trading on Friday, hitting $171.05. The company had a trading volume of 64,722,669 shares, compared to its average volume of 89,814,936. The firm has a market cap of $544.76 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 4.49 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29. The stock’s fifty day moving average price is $181.83 and its two-hundred day moving average price is $214.69.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, analysts forecast that Tesla, Inc. will post 2.02 earnings per share for the current fiscal year.

Tesla 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.