Numerai GP LLC Purchases Shares of 7,118 Tesla, Inc. (NASDAQ:TSLA)

Numerai GP LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 7,118 shares of the electric vehicle producer’s stock, valued at approximately $2,875,000. Tesla makes up approximately 0.8% of Numerai GP LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors have also recently made changes to their positions in TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla during the fourth quarter worth $56,600,000. Stephens Consulting LLC lifted its holdings in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer’s stock worth $644,000 after buying an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock worth $1,150,000 after acquiring an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. purchased a new position in shares of Tesla in the 4th quarter valued at about $8,158,000. Finally, Ameritas Advisory Services LLC raised its position in shares of Tesla by 104.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer’s stock worth $23,242,000 after acquiring an additional 29,458 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Tesla stock opened at $334.07 on Wednesday. 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, Inc. has a one year low of $167.41 and a one year high of $488.54. The business has a fifty day moving average of $260.85 and a two-hundred day moving average of $328.28. The company has a market cap of $1.08 trillion, a P/E ratio of 163.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now owns 23,084 shares of the company’s stock, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSLA shares. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a report on Tuesday, April 22nd. Robert W. Baird lowered their target price on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Guggenheim reaffirmed a “sell” rating and set a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Royal Bank of Canada decreased their target price on Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Cowen raised Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $287.46.

About Tesla

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.