440 Investment Group LLC purchased a new position in shares of Tesla Inc (NASDAQ:TSLA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 730 shares of the electric vehicle producer’s stock, valued at approximately $227,000.

A number of other large investors have also modified their holdings of TSLA. Prudential Financial Inc. increased its stake in shares of Tesla by 12.3% during the second quarter. Prudential Financial Inc. now owns 8,031 shares of the electric vehicle producer’s stock worth $2,904,000 after buying an additional 880 shares during the period. Principal Financial Group Inc. increased its stake in shares of Tesla by 10.9% during the second quarter. Principal Financial Group Inc. now owns 8,775 shares of the electric vehicle producer’s stock worth $3,173,000 after buying an additional 861 shares during the period. Schroder Investment Management Group increased its stake in shares of Tesla by 16.8% during the second quarter. Schroder Investment Management Group now owns 1,237 shares of the electric vehicle producer’s stock worth $446,000 after buying an additional 178 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Tesla by 8.5% during the second quarter. Commonwealth Bank of Australia now owns 1,492 shares of the electric vehicle producer’s stock worth $538,000 after buying an additional 117 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Tesla by 3.3% during the second quarter. Franklin Resources Inc. now owns 39,338 shares of the electric vehicle producer’s stock worth $14,225,000 after buying an additional 1,275 shares during the period. Institutional investors own 57.13% of the company’s stock.

Tesla Inc (TSLA) traded up $4.66 during mid-day trading on Tuesday, hitting $340.88. The stock had a trading volume of 3,340,209 shares, compared to its average volume of 6,244,122. The firm has a market capitalization of $57,600.00, a P/E ratio of -39.82 and a beta of 0.94. Tesla Inc has a 1-year low of $229.59 and a 1-year high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue was up 29.9% compared to the same quarter last year. equities research analysts expect that Tesla Inc will post -11.38 EPS for the current fiscal year.

In related news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the completion of the sale, the vice president now owns 1,736 shares in the company, valued at approximately $589,354.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now owns 154,589 shares of the company’s stock, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,692 shares of company stock valued at $5,026,873. Company insiders own 23.10% of the company’s stock.

A number of analysts recently weighed in on TSLA shares. Robert W. Baird restated a “buy” rating and set a $411.00 target price on shares of Tesla in a research note on Friday, September 29th. Nomura started coverage on shares of Tesla in a research note on Wednesday, October 4th. They set a “buy” rating and a $500.00 target price on the stock. Instinet started coverage on shares of Tesla in a research note on Wednesday, October 4th. They set a “buy” rating and a $500.00 target price on the stock. Guggenheim restated a “buy” rating and set a $430.00 target price on shares of Tesla in a research note on Friday, October 6th. Finally, Piper Jaffray Companies set a $386.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 16th. Eleven analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. Tesla has an average rating of “Hold” and a consensus price target of $329.48.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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