Tesla, Inc. (NASDAQ:TSLA) Stock Position Raised by Delta Investment Management LLC

Delta Investment Management LLC grew its position in Tesla, Inc. (NASDAQ:TSLA) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,186 shares of the electric vehicle producer’s stock after buying an additional 1,111 shares during the period. Delta Investment Management LLC’s holdings in Tesla were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. International Assets Investment Management LLC grew its position in Tesla by 25,990.7% in the 4th 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 purchasing an additional 6,179,032 shares during the last quarter. Vanguard Group Inc. grew its position 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 purchasing an additional 3,453,078 shares during the last quarter. California Public Employees Retirement System grew its position in Tesla by 34.0% in the 3rd quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock worth $2,260,039,000 after purchasing an additional 2,293,344 shares during the last quarter. Morgan Stanley grew its position 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 purchasing an additional 2,177,397 shares during the last quarter. Finally, Northern Trust Corp grew its position in Tesla by 3.4% in the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after purchasing an additional 909,170 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a research report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research note on Wednesday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Tesla in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Mizuho reduced their price target on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $186.70.

Tesla Trading Down 1.1 %

Tesla stock opened at $168.29 on Friday. The company has a 50 day moving average price of $175.04 and a 200 day moving average price of $207.61. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. The firm has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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 13.18% and a net margin of 14.37%. The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same period in the prior year, the business posted $1.07 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on 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 sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 25.10% of the company’s stock.

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.