Prakash Investment Advisors LLC Buys Shares of 31,095 Tesla, Inc. (NASDAQ:TSLA)

Prakash Investment Advisors LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 31,095 shares of the electric vehicle producer’s stock, valued at approximately $12,557,000. Tesla comprises approximately 12.4% of Prakash Investment Advisors LLC’s holdings, making the stock its 2nd largest holding.

Other large investors have also recently added to or reduced their stakes in the company. ING Groep NV increased its holdings in shares of Tesla by 119.8% in the 4th quarter. ING Groep NV now owns 484,030 shares of the electric vehicle producer’s stock valued at $195,471,000 after acquiring an additional 263,837 shares during the last quarter. Parcion Private Wealth LLC boosted its holdings in Tesla by 2.8% in the fourth quarter. Parcion Private Wealth LLC now owns 2,939 shares of the electric vehicle producer’s stock worth $1,187,000 after purchasing an additional 80 shares during the period. Dash Acquisitions Inc. increased its stake in Tesla by 10.2% during the fourth quarter. Dash Acquisitions Inc. now owns 1,791 shares of the electric vehicle producer’s stock valued at $713,000 after purchasing an additional 166 shares during the last quarter. Boston Financial Mangement LLC raised its holdings in shares of Tesla by 1.6% during the fourth quarter. Boston Financial Mangement LLC now owns 2,719 shares of the electric vehicle producer’s stock worth $1,098,000 after purchasing an additional 43 shares during the period. Finally, Advyzon Investment Management LLC bought a new position in shares of Tesla in the 4th quarter worth about $795,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of TSLA opened at $337.80 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $1.09 trillion, a PE ratio of 165.59, a PEG ratio of 5.86 and a beta of 2.34. The firm’s 50 day moving average price is $400.17 and its 200 day moving average price is $314.04. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

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

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Mizuho restated an “outperform” rating and issued a $515.00 target price on shares of Tesla in a research note on Thursday, January 30th. Royal Bank of Canada reiterated a “mixed” rating on shares of Tesla in a research note on Saturday, February 8th. Cantor Fitzgerald restated a “neutral” rating and set a $365.00 price target on shares of Tesla in a research report on Wednesday, January 29th. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Wednesday, February 12th. Finally, UBS Group upped their target price on shares of Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average price target of $319.57.

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.