Oriental Harbor Investment Fund Has $49.08 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Oriental Harbor Investment Fund boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 116.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,521 shares of the electric vehicle producer’s stock after purchasing an additional 65,335 shares during the quarter. Tesla comprises approximately 4.9% of Oriental Harbor Investment Fund’s investment portfolio, making the stock its 9th largest holding. Oriental Harbor Investment Fund’s holdings in Tesla were worth $49,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TSLA. Park National Corp OH grew its stake in shares of Tesla by 31.1% during the 4th quarter. Park National Corp OH now owns 1,973 shares of the electric vehicle producer’s stock worth $797,000 after acquiring an additional 468 shares during the period. Innova Wealth Partners purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $415,000. McAlister Sweet & Associates Inc. bought a new position in Tesla in the 4th quarter worth approximately $283,000. One Wealth Capital Management LLC bought a new stake in Tesla during the 4th quarter valued at $1,093,000. Finally, Spartan Planning & Wealth Management purchased a new position in Tesla during the 4th quarter valued at about $1,718,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA traded down $1.32 during mid-day trading on Wednesday, reaching $393.04. The company had a trading volume of 36,607,679 shares, compared to its average volume of 80,146,055. The stock has a market capitalization of $1.26 trillion, a P/E ratio of 107.68, a PEG ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The stock has a 50 day moving average of $368.03 and a two-hundred day moving average of $277.49. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSLA. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Piper Sandler increased their price objective on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Jefferies Financial Group increased their price target on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their price target on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $295.69.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 514,886 shares of company stock valued at $169,393,831 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

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.