Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 451.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 285,121 shares of the electric vehicle producer’s stock after acquiring an additional 233,460 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Tesla were worth $115,143,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TSLA. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. raised its stake 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 worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the fourth quarter worth about $37,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the fourth quarter valued at approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Tesla in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TSLA. Wedbush reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Tesla in a report on Thursday, May 1st. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a “buy” rating in a research note on Thursday, April 24th. Morgan Stanley restated a “buy” rating and issued a $430.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Glj Research restated a “sell” rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. Ten equities research 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.com, the stock has a consensus rating of “Hold” and an average target price of $287.46.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the sale, the director now owns 85,000 shares in the company, valued at approximately $25,466,850. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the transaction, the chief financial officer now owns 23,084 shares of the company’s stock, valued at $6,833,325.68. This trade represents a 20.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,623 shares of company stock valued at $114,400,501. Company insiders own 20.70% of the company’s stock.

Tesla Trading Up 4.6 %

TSLA opened at $298.05 on Friday. The stock has a market capitalization of $960.01 billion, a PE ratio of 146.10, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a one year low of $167.41 and a one year 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. The business’s 50 day moving average price is $258.65 and its 200 day moving average price is $327.43.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

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.