Fisher Asset Management LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Fisher Asset Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,119 shares of the electric vehicle producer’s stock after buying an additional 5,874 shares during the quarter. Fisher Asset Management LLC’s holdings in Tesla were worth $5,248,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSLA. Gerber LLC purchased a new position in shares of Tesla in the fourth quarter valued at $12,924,000. Slagle Financial LLC boosted its stake in shares of Tesla by 83.9% in the fourth quarter. Slagle Financial LLC now owns 3,678 shares of the electric vehicle producer’s stock valued at $914,000 after purchasing an additional 1,678 shares during the period. CCM Investment Advisers LLC boosted its stake in shares of Tesla by 1.4% in the fourth quarter. CCM Investment Advisers LLC now owns 51,833 shares of the electric vehicle producer’s stock valued at $12,879,000 after purchasing an additional 702 shares during the period. Tucker Asset Management LLC boosted its stake in shares of Tesla by 39.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,306 shares of the electric vehicle producer’s stock valued at $325,000 after purchasing an additional 370 shares during the period. Finally, Richardson Financial Services Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $392,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. Jefferies Financial Group cut their price target on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Tesla in a report on Monday, April 22nd. Wells Fargo & Company cut their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Guggenheim reaffirmed a “sell” rating and issued a $122.00 price target on shares of Tesla in a report on Tuesday, April 23rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.62.

Tesla Stock Performance

Shares of TSLA opened at $181.57 on Friday. The firm has a 50-day moving average price of $173.75 and a 200 day moving average price of $194.08. The firm has a market capitalization of $579.06 billion, a PE ratio of 46.32, a P/E/G ratio of 4.58 and a beta of 2.32. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,855 shares of company stock worth $19,285,643. Corporate insiders own 25.10% of the company’s stock.

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.