Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,129 shares of the electric vehicle producer’s stock after acquiring an additional 290 shares during the quarter. Gemmer Asset Management LLC’s holdings in Tesla were worth $2,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lee Johnson Capital Management LLC lifted its position in shares of Tesla by 1.7% in the fourth quarter. Lee Johnson Capital Management LLC now owns 16,385 shares of the electric vehicle producer’s stock valued at $6,617,000 after acquiring an additional 270 shares in the last quarter. McCarthy & Cox purchased a new stake in shares of Tesla in the fourth quarter valued at $269,000. Flower City Capital lifted its position in shares of Tesla by 15.2% in the fourth quarter. Flower City Capital now owns 961 shares of the electric vehicle producer’s stock valued at $388,000 after acquiring an additional 127 shares in the last quarter. UMB Bank n.a. lifted its position in Tesla by 31.7% during the fourth quarter. UMB Bank n.a. now owns 151,336 shares of the electric vehicle producer’s stock worth $61,116,000 after buying an additional 36,409 shares during the period. Finally, BlueSky Wealth Advisors LLC purchased a new position in Tesla during the fourth quarter worth about $244,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TSLA shares. Barclays increased their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Royal Bank of Canada increased their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their target price on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Finally, Canaccord Genuity Group upped their price target on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $309.48.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock valued at $212,451,751 in the last quarter. Insiders own 20.70% of the company’s stock.

Tesla Trading Down 2.1 %

NASDAQ:TSLA opened at $415.11 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $393.38 and its two-hundred day moving average is $291.27. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market cap of $1.33 trillion, a PE ratio of 113.73, a P/E/G ratio of 8.60 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the business posted $0.53 EPS. Tesla’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 2.01 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.