Nearwater Capital Markets Ltd bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 236,000 shares of the electric vehicle producer's stock, valued at approximately $95,306,000. Tesla comprises 2.7% of Nearwater Capital Markets Ltd's portfolio, making the stock its 7th largest holding.
Several other large investors have also modified their holdings of the business. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the 4th quarter valued at $56,600,000. Stephens Consulting LLC boosted its position in Tesla by 126.7% in the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after buying an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its holdings in Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. bought a new position in Tesla during the 4th quarter valued at $8,158,000. Finally, Ameritas Advisory Services LLC increased its holdings in Tesla by 104.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock valued at $23,242,000 after buying an additional 29,458 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TSLA has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald cut their target price on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Glj Research reiterated a "sell" rating and issued a $19.05 target price (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. Finally, Mizuho increased their target price on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $289.43.
Check Out Our Latest Stock Report on Tesla
Tesla Price Performance
TSLA stock traded up $7.16 during trading on Friday, hitting $349.98. 93,349,107 shares of the stock traded hands, compared to its average volume of 97,089,415. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.56, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a 50 day simple moving average of $267.35 and a 200 day simple moving average of $330.09. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Insider Activity
In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $300.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $8,085,000. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 412,623 shares of company stock valued at $115,600,501 in the last ninety days. 20.70% of the stock is owned by insiders.
Tesla Profile
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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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