True North Advisors LLC Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

True North Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 69.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,373 shares of the electric vehicle producer’s stock after buying an additional 1,792 shares during the quarter. True North Advisors LLC’s holdings in Tesla were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Chicago Capital LLC boosted its position in Tesla by 435.9% during the fourth quarter. Chicago Capital LLC now owns 14,416 shares of the electric vehicle producer’s stock valued at $3,582,000 after buying an additional 11,726 shares during the period. Clarus Wealth Advisors bought a new position in Tesla during the 4th quarter worth approximately $976,000. PFW Advisors LLC increased its stake in Tesla by 37.5% in the 4th quarter. PFW Advisors LLC now owns 2,480 shares of the electric vehicle producer’s stock worth $616,000 after purchasing an additional 677 shares during the period. Spirit of America Management Corp NY lifted its position in Tesla by 15.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,300 shares of the electric vehicle producer’s stock valued at $572,000 after purchasing an additional 300 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its holdings in shares of Tesla by 1.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 8,759 shares of the electric vehicle producer’s stock worth $2,176,000 after purchasing an additional 114 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,598 shares of company stock worth $36,952,434. Insiders own 20.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSLA. Canaccord Genuity Group dropped their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. TD Cowen cut their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Barclays decreased their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a report on Thursday, January 25th. China Renaissance started coverage on shares of Tesla in a research report on Monday, February 26th. They issued a “hold” rating for the company. Finally, Citigroup reduced their price target on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $204.63.

Get Our Latest Analysis on Tesla

Tesla Trading Down 0.3 %

Shares of NASDAQ:TSLA opened at $175.22 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The business has a 50 day moving average of $186.33 and a two-hundred day moving average of $220.38. The company has a market capitalization of $558.04 billion, a PE ratio of 40.65, a PEG ratio of 3.97 and a beta of 2.40.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.44 EPS for the current year.

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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