Capital Performance Advisors LLP Acquires 1,942 Shares of Tesla, Inc. (NASDAQ:TSLA)

Capital Performance Advisors LLP grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 214.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,849 shares of the electric vehicle producer’s stock after purchasing an additional 1,942 shares during the quarter. Capital Performance Advisors LLP’s holdings in Tesla were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC grew its stake in Tesla by 21.6% in the 4th quarter. Apollon Wealth Management LLC now owns 78,534 shares of the electric vehicle producer’s stock valued at $19,514,000 after buying an additional 13,942 shares during the last quarter. Fielder Capital Group LLC acquired a new position in Tesla in the 4th quarter valued at $269,000. Machina Capital S.A.S. grew its stake in Tesla by 43.4% in the 4th quarter. Machina Capital S.A.S. now owns 1,200 shares of the electric vehicle producer’s stock valued at $298,000 after buying an additional 363 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Tesla by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 214,516 shares of the electric vehicle producer’s stock valued at $53,303,000 after buying an additional 2,286 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Tesla by 19.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 14,154 shares of the electric vehicle producer’s stock valued at $3,517,000 after buying an additional 2,274 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, 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 dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was 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 directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last ninety days. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

TSLA stock traded up $3.57 during trading on Monday, hitting $184.76. 84,172,375 shares of the stock traded hands, compared to its average volume of 104,452,320. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The stock has a market cap of $589.24 billion, a price-to-earnings ratio of 47.13, a P/E/G ratio of 4.74 and a beta of 2.41. The company has a 50 day simple moving average of $173.56 and a 200 day simple moving average of $204.56. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $275.00 target price on shares of Tesla in a research note on Monday, April 29th. Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. The Goldman Sachs Group decreased their price target on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. HSBC decreased their price target on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $185.90.

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.