Anchor Bolt Capital LP purchased a new stake in shares of Tesla Inc (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,860 shares of the electric vehicle producer’s stock, valued at approximately $12,933,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in Tesla by 0.8% during the fourth quarter. Baillie Gifford & Co. now owns 13,234,382 shares of the electric vehicle producer’s stock valued at $4,404,403,000 after acquiring an additional 108,931 shares during the last quarter. Optimus Prime Fund Management Co. Ltd. bought a new stake in Tesla during the fourth quarter valued at $79,472,000. Stamos Capital Partners L.P. bought a new stake in Tesla during the fourth quarter valued at $863,000. Peconic Partners LLC bought a new stake in Tesla during the fourth quarter valued at $14,643,000. Finally, Lord Abbett & CO. LLC bought a new stake in Tesla during the fourth quarter valued at $38,582,000. 59.03% of the stock is currently owned by institutional investors and hedge funds.

In other Tesla news, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $306.10, for a total value of $306,100.00. Following the completion of the sale, the insider now directly owns 8,860 shares of the company’s stock, valued at approximately $2,712,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the completion of the sale, the director now directly owns 16,792 shares of the company’s stock, valued at $4,793,444.32. The disclosure for this sale can be found here. Insiders sold a total of 124,130 shares of company stock valued at $39,063,084 over the last ninety days. 22.80% of the stock is currently owned by insiders.

TSLA opened at $289.96 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Tesla Inc has a fifty-two week low of $244.59 and a fifty-two week high of $387.46. The stock has a market capitalization of $48.94 billion, a P/E ratio of -50.69, a price-to-earnings-growth ratio of 4.95 and a beta of 0.37.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter in the prior year, the business posted ($3.04) EPS. The firm’s revenue was up 119.8% compared to the same quarter last year. Equities analysts forecast that Tesla Inc will post 1.64 EPS for the current fiscal year.

A number of analysts have commented on TSLA shares. Oppenheimer upped their price target on shares of Tesla from $418.00 to $437.00 and gave the company an “outperform” rating in a research report on Thursday, January 31st. Berenberg Bank set a $500.00 price objective on shares of Tesla and gave the company a “buy” rating in a report on Friday, March 1st. Canaccord Genuity upgraded shares of Tesla from a “hold” rating to a “buy” rating and upped their price objective for the company from $330.00 to $450.00 in a report on Monday, February 11th. UBS Group reiterated a “sell” rating and set a $230.00 price objective on shares of Tesla in a report on Tuesday, November 20th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $225.00 price objective on shares of Tesla in a report on Tuesday, January 22nd. Fifteen analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $327.95.

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About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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