Fisher Asset Management LLC Increases Position in Tesla, Inc. $TSLA

Fisher Asset Management LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,196 shares of the electric vehicle producer’s stock after buying an additional 4,574 shares during the period. Fisher Asset Management LLC’s holdings in Tesla were worth $15,829,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Networth Advisors LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Prism Advisors Inc. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $440.36 on Thursday. The business’s fifty day simple moving average is $390.12 and its 200-day simple moving average is $416.18. The company has a market cap of $1.65 trillion, a PE ratio of 404.00, a PEG ratio of 17.12 and a beta of 1.79. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 57,482 shares of company stock worth $21,508,331 over the last ninety days. 19.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 price target on shares of Tesla in a report on Wednesday, April 22nd. UBS Group boosted their price target on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Mizuho lowered their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Roth Mkm reiterated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $395.20.

Check Out Our Latest Analysis on TSLA

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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