Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,719 shares of the electric vehicle producer’s stock after buying an additional 18,150 shares during the quarter. Tesla comprises approximately 3.1% of Motley Fool Asset Management LLC’s holdings, making the stock its 6th largest position. Motley Fool Asset Management LLC’s holdings in Tesla were worth $59,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. Principal Financial Group Inc. increased its stake in Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock worth $955,052,000 after acquiring an additional 194,796 shares during the last quarter. United Bank bought a new stake in Tesla in the third quarter worth $287,000. Hilltop Holdings Inc. raised its stake in Tesla by 47.6% during the third quarter. Hilltop Holdings Inc. now owns 7,742 shares of the electric vehicle producer’s stock valued at $2,026,000 after purchasing an additional 2,495 shares in the last quarter. Janus Henderson Group PLC lifted its position in Tesla by 4.6% during the third quarter. Janus Henderson Group PLC now owns 444,091 shares of the electric vehicle producer’s stock valued at $116,184,000 after purchasing an additional 19,342 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Tesla in the 3rd quarter worth $13,516,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,228 shares of company stock worth $166,849,043. Company insiders own 20.70% of the company’s stock.

Tesla Stock Up 5.3 %

NASDAQ:TSLA opened at $282.76 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a market cap of $909.50 billion, a PE ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50. The company’s 50 day moving average is $312.22 and its two-hundred day moving average is $323.20.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America lowered their price target on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Monday, February 10th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Tesla in a research report on Thursday, March 27th. Robert W. Baird lowered their price target on Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tesla from $420.00 to $345.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $317.75.

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.