Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,969 shares of the electric vehicle producer’s stock after purchasing an additional 6,175 shares during the period. Tesla comprises 1.2% of Meeder Advisory Services Inc.’s holdings, making the stock its 18th largest position. Meeder Advisory Services Inc.’s holdings in Tesla were worth $18,564,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Horrell Capital Management Inc. boosted its holdings in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. lifted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the fourth quarter worth approximately $38,000. Delos Wealth Advisors LLC increased its position in shares of Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the 4th quarter valued at $44,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 target price on the stock in a research note on Wednesday, March 19th. Wells Fargo & Company dropped their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $135.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 12th. UBS Group dropped their price target on Tesla from $259.00 to $225.00 and set a “sell” rating for the company in a research report on Monday, March 10th. Finally, Stifel Nicolaus reduced their price objective on Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a research report on Monday. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $317.75.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the 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 completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 over the last 90 days. 20.70% of the stock is owned by insiders.

Tesla Stock Up 3.6 %

Shares of NASDAQ TSLA opened at $268.46 on Wednesday. The stock has a market cap of $863.51 billion, a P/E ratio of 131.60, a PEG ratio of 5.86 and a beta of 2.50. The business’s fifty day simple moving average is $314.87 and its 200-day simple moving average is $323.48. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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%. As a group, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.