Tesla, Inc. (NASDAQ:TSLA) Stake Raised by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 60.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,755 shares of the electric vehicle producer’s stock after buying an additional 2,534 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tesla were worth $2,741,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TSLA. Spectrum Asset Management Inc. NB CA acquired a new position in Tesla during the 4th quarter valued at about $227,000. Strategic Financial Concepts LLC boosted its holdings in shares of Tesla by 36,790.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer’s stock valued at $3,497,526,000 after acquiring an additional 8,637,195 shares in the last quarter. Leo Wealth LLC raised its holdings in Tesla by 8.1% during the fourth quarter. Leo Wealth LLC now owns 5,069 shares of the electric vehicle producer’s stock worth $2,047,000 after purchasing an additional 378 shares in the last quarter. 1900 Wealth Management LLC acquired a new stake in Tesla in the fourth quarter worth approximately $206,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in Tesla during the 4th quarter valued at $251,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 635,776 shares of company stock worth $231,335,112 over the last 90 days. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSLA. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Monday. Jefferies Financial Group upped their price target on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Robert W. Baird dropped their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus reduced their target price on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $321.71.

Tesla Stock Performance

Shares of TSLA opened at $350.73 on Tuesday. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company’s fifty day moving average is $408.27 and its 200-day moving average is $304.55. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts expect that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Tesla 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.