Tesla, Inc. $TSLA Shares Bought by Fifth Lane Capital LP

Fifth Lane Capital LP lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 160.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,600 shares of the electric vehicle producer’s stock after buying an additional 1,600 shares during the period. Tesla accounts for approximately 0.9% of Fifth Lane Capital LP’s holdings, making the stock its 22nd largest holding. Fifth Lane Capital LP’s holdings in Tesla were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Crestwood Advisors Group LLC raised its stake in shares of Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after buying an additional 5,039 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after buying an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in shares of Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after buying an additional 3,935 shares during the period. Calamos Wealth Management LLC raised its stake in shares of Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the period. Finally, Private Capital Advisors Inc. raised its stake in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after buying an additional 12,417 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 57,824 shares of company stock worth $21,657,588. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $406.43 on Monday. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The business’s fifty day simple moving average is $398.35 and its 200-day simple moving average is $416.00. The firm has a market cap of $1.53 trillion, a PE ratio of 372.87, a price-to-earnings-growth ratio of 16.25 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on TSLA shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research report on Monday, June 1st. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Erste Group Bank upgraded Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity Group boosted their price target on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Twenty-two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $404.37.

Check Out Our Latest Analysis on TSLA

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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