GUNN & Co INVESTMENT MANAGEMENT INC. Buys New Stake in Tesla, Inc. (NASDAQ:TSLA)

GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,246 shares of the electric vehicle producer’s stock, valued at approximately $310,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC grew its holdings in shares of Tesla by 8.3% during the fourth quarter. MCF Advisors LLC now owns 2,908 shares of the electric vehicle producer’s stock worth $723,000 after buying an additional 223 shares in the last quarter. OLD National Bancorp IN boosted its stake in Tesla by 18.2% during the fourth quarter. OLD National Bancorp IN now owns 13,977 shares of the electric vehicle producer’s stock worth $3,473,000 after buying an additional 2,148 shares during the last quarter. Brendel Financial Advisors LLC grew its holdings in Tesla by 5.7% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,665 shares of the electric vehicle producer’s stock valued at $1,905,000 after buying an additional 414 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Tesla by 60.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 13,766 shares of the electric vehicle producer’s stock worth $3,421,000 after acquiring an additional 5,175 shares during the last quarter. Finally, PSI Advisors LLC raised its holdings in shares of Tesla by 10.6% during the 4th quarter. PSI Advisors LLC now owns 6,670 shares of the electric vehicle producer’s stock worth $1,657,000 after acquiring an additional 639 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last 90 days. 25.10% of the stock is owned by insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $181.19 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a market cap of $577.85 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.74 and a beta of 2.41. The stock has a 50 day moving average of $173.85 and a two-hundred day moving average of $204.81. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. China Renaissance started coverage on Tesla in a report on Monday, February 26th. They issued a “hold” rating on the stock. Citigroup raised their target price on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.90.

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.