Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by F M Investments LLC

F M Investments LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 58.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,844 shares of the electric vehicle producer’s stock after purchasing an additional 16,935 shares during the period. Tesla accounts for approximately 0.7% of F M Investments LLC’s holdings, making the stock its 23rd biggest holding. F M Investments LLC’s holdings in Tesla were worth $18,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. Horrell Capital Management Inc. lifted its holdings in shares of Tesla by 75.6% in the 4th 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 during the last quarter. GS Investments Inc. raised its holdings in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the 4th quarter valued at $38,000. Delos Wealth Advisors LLC increased its holdings in Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock worth $40,000 after buying 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 worth about $44,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 in the last ninety days. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of TSLA opened at $272.20 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $875.54 billion, a PE ratio of 133.43, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The stock’s fifty day moving average price is $290.62 and its two-hundred day moving average price is $323.14.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Glj Research reaffirmed a “buy” rating on shares of Tesla in a report on Tuesday, March 11th. Guggenheim decreased their price target on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group dropped their price objective on shares of Tesla from $259.00 to $225.00 and set a “sell” rating for the company in a report on Monday, March 10th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $301.40.

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.