Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,270 shares of the electric vehicle producer’s stock after acquiring an additional 31,223 shares during the period. SVB Wealth LLC’s holdings in Tesla were worth $24,915,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Tesla by 1.6% in 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 buying an additional 3,453,078 shares during the last quarter. State Street Corp boosted 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 worth $20,680,162,000 after buying an additional 685,454 shares during the last quarter. Morgan Stanley boosted 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 worth $7,546,823,000 after buying an additional 2,177,397 shares during the last quarter. FMR LLC boosted its stake in Tesla by 0.9% in the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the last quarter. Finally, Norges Bank acquired a new stake in Tesla in the 4th quarter worth about $3,459,540,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by company insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $4.75 during midday trading on Tuesday, reaching $156.73. 46,021,121 shares of the company traded hands, compared to its average volume of 101,451,383. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The firm has a market capitalization of $499.15 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a fifty day moving average price of $181.44 and a 200 day moving average price of $213.70.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts expect that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TSLA. Royal Bank of Canada restated an “outperform” rating and issued a $298.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Canaccord Genuity Group dropped their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Wells Fargo & Company dropped their target price on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday. Redburn Atlantic began coverage on Tesla in a report on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price on the stock. Finally, TD Cowen dropped their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $198.81.

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.