Analyst IMS Investment Management Services Ltd. Buys 14,866 Shares of Tesla, Inc. (NASDAQ:TSLA)

Analyst IMS Investment Management Services Ltd. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 373.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,843 shares of the electric vehicle producer’s stock after acquiring an additional 14,866 shares during the period. Tesla accounts for about 0.3% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 28th biggest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Tesla were worth $7,610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Swedbank AB lifted its position in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock worth $955,052,000 after purchasing an additional 194,796 shares in the last quarter. United Bank bought a new stake in shares of Tesla in the third quarter worth $287,000. Ashton Thomas Private Wealth LLC lifted its position in shares of Tesla by 9.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,980 shares of the electric vehicle producer’s stock worth $1,303,000 after purchasing an additional 423 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Tesla in the third quarter worth $610,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TSLA. Canaccord Genuity Group reaffirmed a “buy” rating and set a $404.00 price target on shares of Tesla in a research report on Tuesday. Guggenheim dropped their price target on shares of Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday. UBS Group dropped their price target on shares of Tesla from $259.00 to $225.00 and set a “sell” rating on the stock in a research report on Monday. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, Evercore ISI upped their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $325.81.

Tesla Trading Down 3.0 %

TSLA opened at $240.68 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a 50-day simple moving average of $354.52 and a 200 day simple moving average of $318.49. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $774.15 billion, a price-to-earnings ratio of 117.98, a P/E/G ratio of 5.86 and a beta of 2.50.

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

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated 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 transaction, the director now owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by insiders.

Tesla Company 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.