Sapient Capital LLC Buys 50 Shares of Tesla, Inc. (NASDAQ:TSLA)

Sapient Capital LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,054 shares of the electric vehicle producer’s stock after acquiring an additional 50 shares during the period. Sapient Capital LLC’s holdings in Tesla were worth $4,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Panoramic Capital Partners LLC acquired a new stake in Tesla during the fourth quarter worth approximately $362,000. International Private Wealth Advisors LLC lifted its holdings in Tesla by 22.6% during the 4th quarter. International Private Wealth Advisors LLC now owns 1,108 shares of the electric vehicle producer’s stock worth $447,000 after purchasing an additional 204 shares during the last quarter. Arlington Trust Co LLC boosted its stake in Tesla by 20.0% in the 4th quarter. Arlington Trust Co LLC now owns 690 shares of the electric vehicle producer’s stock valued at $279,000 after purchasing an additional 115 shares during the period. Equitable Trust Co. grew its holdings in Tesla by 13.3% in the 4th quarter. Equitable Trust Co. now owns 10,142 shares of the electric vehicle producer’s stock valued at $4,096,000 after buying an additional 1,192 shares in the last quarter. Finally, Bristlecone Advisors LLC increased its position in Tesla by 3.9% during the 4th quarter. Bristlecone Advisors LLC now owns 27,904 shares of the electric vehicle producer’s stock worth $11,269,000 after buying an additional 1,048 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $30,095,100. The trade was a 56.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock valued at $195,995,200 in the last quarter. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $355.84 on Friday. The company has a market capitalization of $1.14 trillion, a PE ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. 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 twelve month low of $138.80 and a twelve month high of $488.54. The firm has a fifty day simple moving average of $406.98 and a 200 day simple moving average of $306.79.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. Guggenheim reaffirmed a “sell” rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Barclays increased their price target on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $365.00 target price on shares of Tesla in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their price target on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $326.50.

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.