Tesla, Inc. (NASDAQ:TSLA) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,222,078 shares of the electric vehicle producer’s stock after buying an additional 276,814 shares during the period. Tesla comprises approximately 1.7% of American Century Companies Inc.’s investment portfolio, making the stock its 7th biggest position. American Century Companies Inc.’s holdings in Tesla were worth $2,916,564,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSLA. GS Investments Inc. grew 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 purchasing an additional 58 shares during the last quarter. Cyrus J. Lawrence LLC acquired a new position in Tesla in the 4th quarter valued at $44,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the 4th quarter worth $46,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $47,000. Finally, PayPay Securities Corp boosted its position in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after acquiring an additional 69 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 directly owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents 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 ninety days. 20.70% of the stock is owned by insiders.

Tesla Trading Up 5.3 %

Shares of NASDAQ TSLA opened at $248.71 on Friday. The firm has a 50 day moving average price of $335.19 and a two-hundred day moving average price of $319.68. The stock has a market cap of $799.98 billion, a P/E ratio of 121.92, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. 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 quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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 forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSLA shares. Evercore ISI raised their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company cut their price target on Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Tesla in a report on Thursday. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $318.93.

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.