Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 125.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,472 shares of the electric vehicle producer’s stock after purchasing an additional 15,300 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Tesla were worth $11,094,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Tesla in the fourth quarter valued at approximately $46,000. Parkworth Wealth Management Inc. acquired a new position in shares of Tesla in the fourth quarter valued at approximately $47,000. PayPay Securities Corp grew its holdings in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in Tesla in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock valued at $166,849,043. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLA. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Tesla in a research note on Thursday. Mizuho decreased their price target on shares of Tesla from $515.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Finally, Cantor Fitzgerald upgraded shares of Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 price target for the company in a research note on Wednesday. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $319.56.

Tesla Stock Performance

NASDAQ:TSLA opened at $236.26 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock has a market cap of $759.93 billion, a PE ratio of 115.81, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The firm’s fifty day simple moving average is $338.11 and its 200-day simple moving average is $319.44.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.