Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Acas LLC

by · The Cerbat Gem

Acas LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 25.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,136 shares of the electric vehicle producer’s stock after acquiring an additional 229 shares during the period. Acas LLC’s holdings in Tesla were worth $430,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the 3rd quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Tesla during the fourth quarter worth approximately $46,000. PayPay Securities Corp lifted its position in shares of Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the last quarter. Finally, Finley Financial LLC acquired a new position in shares of Tesla in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. Barclays boosted their price target on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com cut Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Glj Research reaffirmed a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Wednesday, February 12th. Finally, Mizuho restated an “outperform” rating and set a $515.00 target price on shares of Tesla in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $327.37.

Read Our Latest Stock Report on Tesla

Tesla Stock Down 0.3 %

TSLA opened at $262.67 on Friday. The company has a market cap of $844.88 billion, a price-to-earnings ratio of 128.76, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The business’s fifty day moving average is $367.78 and its two-hundred day moving average is $318.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % 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 7,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 422,452 shares of company stock valued at $153,659,530. Company insiders own 20.70% of the company’s stock.

Tesla Profile

(Free Report)

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.

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