Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 884,980 shares of the electric vehicle producer’s stock after purchasing an additional 369,612 shares during the period. Tesla comprises approximately 1.3% of Teacher Retirement System of Texas’ portfolio, making the stock its 9th largest position. Teacher Retirement System of Texas’ holdings in Tesla were worth $357,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GS Investments Inc. increased its stake in 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 purchasing an additional 58 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Tesla during the fourth quarter worth about $46,000. Parkworth Wealth Management Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at about $47,000. PayPay Securities Corp boosted its position in shares of Tesla by 130.2% in the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in Tesla during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 4.7 %

Tesla stock opened at $235.86 on Thursday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $758.65 billion, a price-to-earnings ratio of 115.62, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The stock’s fifty day moving average is $341.28 and its two-hundred day moving average is $320.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Tesla in a research report on Friday, March 7th. Guggenheim reduced their target price on shares of Tesla from $175.00 to $170.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their target price on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, TD Cowen raised Tesla from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Nine analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $321.12.

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.