Pacer Advisors Inc. Has $130.28 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Pacer Advisors Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,599 shares of the electric vehicle producer’s stock after purchasing an additional 24,877 shares during the period. Pacer Advisors Inc.’s holdings in Tesla were worth $130,278,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. KBC Group NV increased its position in Tesla by 201.8% in the 4th quarter. KBC Group NV now owns 1,521,552 shares of the electric vehicle producer’s stock valued at $614,464,000 after buying an additional 1,017,407 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Tesla in the fourth quarter valued at approximately $2,902,000. Apexium Financial LP grew its stake in Tesla by 7.6% in the fourth quarter. Apexium Financial LP now owns 2,787 shares of the electric vehicle producer’s stock valued at $1,125,000 after acquiring an additional 198 shares during the period. Capital Asset Advisory Services LLC increased its holdings in shares of Tesla by 0.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 17,718 shares of the electric vehicle producer’s stock valued at $7,272,000 after acquiring an additional 72 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Tesla by 11.4% in the 4th quarter. Blue Trust Inc. now owns 29,403 shares of the electric vehicle producer’s stock worth $11,874,000 after purchasing an additional 2,999 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $389.10 on Thursday. The stock’s 50-day moving average is $401.04 and its 200 day moving average is $296.63. The stock has a market cap of $1.25 trillion, a price-to-earnings ratio of 106.60, a P/E/G ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. Wedbush boosted their price target on shares of Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley upped their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group lifted their target price on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $313.84.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock worth $212,451,751 over the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Profile

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.