605 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Cultivar Capital Inc.

Cultivar Capital Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 605 shares of the electric vehicle producer’s stock, valued at approximately $244,000. Tesla makes up about 0.2% of Cultivar Capital Inc.’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently made changes to their positions in TSLA. Sentry LLC acquired a new stake in Tesla during the 4th quarter worth approximately $218,000. Abel Hall LLC boosted its position in shares of Tesla by 6.5% in the fourth quarter. Abel Hall LLC now owns 2,875 shares of the electric vehicle producer’s stock valued at $1,161,000 after acquiring an additional 176 shares during the period. Synergy Asset Management LLC increased its position in Tesla by 294.7% during the fourth quarter. Synergy Asset Management LLC now owns 83,994 shares of the electric vehicle producer’s stock worth $33,920,000 after acquiring an additional 62,714 shares during the period. Baring Financial LLC acquired a new stake in Tesla in the 4th quarter worth about $2,793,000. Finally, Highland Capital Management LLC boosted its holdings in Tesla by 109.8% in the 4th quarter. Highland Capital Management LLC now owns 34,304 shares of the electric vehicle producer’s stock valued at $13,853,000 after purchasing an additional 17,954 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday. Morgan Stanley upped their price target on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a research note on Wednesday, January 29th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and upped their price objective for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $318.31.

Tesla Price Performance

Shares of TSLA opened at $404.60 on Monday. The stock has a market cap of $1.30 trillion, a P/E ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30. The business’s fifty day moving average is $404.22 and its 200 day moving average is $299.34. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last issued 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 10.54%. Sell-side analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock valued at $196,305,796 over the last ninety days. 20.70% of the stock is currently owned by insiders.

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.