Unison Asset Management LLC Purchases 126 Shares of Tesla, Inc. (NASDAQ:TSLA)

Unison Asset Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,924 shares of the electric vehicle producer’s stock after buying an additional 126 shares during the quarter. Tesla makes up 1.0% of Unison Asset Management LLC’s portfolio, making the stock its 20th biggest position. Unison Asset Management LLC’s holdings in Tesla were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in Tesla in the third quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after buying an additional 187 shares in the last quarter. Finley Financial LLC acquired a new stake in Tesla in the fourth quarter valued at approximately $64,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 635,776 shares of company stock valued at $231,335,112 over the last three months. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Down 6.3 %

NASDAQ:TSLA opened at $328.50 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a 50-day moving average of $408.14 and a 200-day moving average of $305.46. The company has a market cap of $1.06 trillion, a PE ratio of 161.03, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, equities research analysts expect that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TSLA. Barclays lifted their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Mizuho reiterated an “outperform” rating and set a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Finally, Jefferies Financial Group lifted their price target on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $321.71.

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.