Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Sapient Capital LLC

Sapient Capital LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 49.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,027 shares of the electric vehicle producer’s stock after buying an additional 5,973 shares during the period. Sapient Capital LLC’s holdings in Tesla were worth $4,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 31 shares during the period. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its stake in Tesla by 193.3% during the 4th 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 period. Navigoe LLC acquired a new position in Tesla during the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla during the 4th quarter valued at about $38,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Up 0.1%

Tesla stock opened at $326.43 on Thursday. The firm has a market cap of $1.05 trillion, a PE ratio of 160.02, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm’s 50 day moving average price is $295.60 and its two-hundred day moving average price is $333.11. Tesla, Inc. has a twelve month low of $169.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during 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 prior year, the company posted $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $400.00 price target on shares of Tesla in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a research note on Friday, March 28th. The Goldman Sachs Group reduced their price target on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Finally, Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $293.67.

Insider Buying and Selling at Tesla

In other news, Director Joseph Gebbia acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the acquisition, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is currently owned by company insiders.

Tesla Company 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.