Flputnam Investment Management Co. Has $4.77 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Flputnam Investment Management Co. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,190 shares of the electric vehicle producer’s stock after buying an additional 707 shares during the period. Flputnam Investment Management Co.’s holdings in Tesla were worth $4,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TSLA. Norges Bank bought a new stake in shares of Tesla during the fourth quarter worth approximately $3,459,540,000. Moneta Group Investment Advisors LLC raised its stake in shares of Tesla by 180,125.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock worth $3,307,602,000 after buying an additional 26,836,879 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Tesla by 203.9% during the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock worth $5,360,358,000 after buying an additional 13,558,882 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Tesla by 25,990.7% during the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after buying an additional 6,179,032 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Tesla by 26.3% during the fourth quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock worth $3,132,119,000 after buying an additional 5,292,464 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s 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 transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last ninety days. 20.90% of the stock is currently owned by company insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $4.62 during mid-day trading on Tuesday, reaching $156.86. 34,393,915 shares of the company’s stock were exchanged, compared to its average volume of 101,216,898. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The firm has a market capitalization of $499.57 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. The business’s fifty day simple moving average is $181.44 and its two-hundred day simple moving average is $213.70. 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 (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Tesla’s revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on TSLA. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Citigroup lowered their price objective on shares of Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday. China Renaissance began coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating for the company. TD Cowen lowered their price objective on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $198.81.

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.