Capital International Sarl Buys 22,177 Shares of Tesla, Inc. (NASDAQ:TSLA)

Capital International Sarl lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,259 shares of the electric vehicle producer’s stock after purchasing an additional 22,177 shares during the period. Tesla comprises 4.1% of Capital International Sarl’s investment portfolio, making the stock its 4th biggest position. Capital International Sarl’s holdings in Tesla were worth $176,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Horrell Capital Management Inc. increased its position in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. lifted its stake in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in Tesla during the 4th quarter valued at about $38,000. Delos Wealth Advisors LLC boosted its holdings in shares of Tesla by 300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $44,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays lifted their price target on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $425.00 price target on shares of Tesla in a research note on Thursday, April 3rd. Wedbush decreased their price objective on Tesla from $550.00 to $315.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Truist Financial decreased their price target on Tesla from $373.00 to $280.00 and set a “hold” rating on the stock in a research note on Thursday, April 3rd. Finally, Mizuho decreased their target price on shares of Tesla from $430.00 to $375.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $292.18.

Tesla Stock Down 0.2 %

Shares of Tesla stock opened at $241.17 on Friday. The company has a market cap of $775.71 billion, a P/E ratio of 118.22, a PEG ratio of 5.86 and a beta of 2.58. The firm has a fifty day moving average of $275.67 and a two-hundred day moving average of $322.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock worth $123,791,123 over the last three months. 20.70% of the stock is currently owned by corporate insiders.

Tesla 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.