Tesla, Inc. (NASDAQ:TSLA) Shares Bought by National Pension Service

National Pension Service raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,318,973 shares of the electric vehicle producer’s stock after acquiring an additional 82,032 shares during the quarter. Tesla makes up about 1.5% of National Pension Service’s holdings, making the stock its 10th largest holding. National Pension Service’s holdings in Tesla were worth $1,073,178,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC raised its stake in shares of Tesla by 22.1% during the 4th quarter. Bogart Wealth LLC now owns 2,704 shares of the electric vehicle producer’s stock valued at $672,000 after buying an additional 489 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Tesla in the fourth quarter valued at approximately $301,000. EdgeRock Capital LLC boosted its stake in Tesla by 24.9% during the 4th quarter. EdgeRock Capital LLC now owns 5,299 shares of the electric vehicle producer’s stock worth $1,317,000 after purchasing an additional 1,055 shares during the last quarter. Everpar Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $2,134,000. Finally, Gryphon Financial Partners LLC lifted its stake in shares of Tesla by 23.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,722 shares of the electric vehicle producer’s stock worth $2,290,000 after buying an additional 1,676 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Barclays reduced their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Citigroup upped their price objective on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Finally, Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research note on Wednesday, April 17th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Trading Down 1.2 %

Shares of Tesla stock traded down $2.04 during trading hours on Thursday, reaching $172.68. 36,473,558 shares of the company’s stock were exchanged, compared to its average volume of 103,070,906. The firm has a market capitalization of $550.71 billion, a price-to-earnings ratio of 44.36, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a fifty day moving average of $173.12 and a 200-day moving average of $204.32.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 302,803 shares of company stock worth $56,124,840 in the last 90 days. 20.90% of the stock is owned by company 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.