Natural Investments LLC Purchases New Position in Tesla, Inc. (NASDAQ:TSLA)

Natural Investments LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,053 shares of the electric vehicle producer’s stock, valued at approximately $425,000.

Several other hedge funds also recently modified their holdings of the company. AGF Management Ltd. boosted its stake in Tesla by 25.2% in the fourth quarter. AGF Management Ltd. now owns 14,169 shares of the electric vehicle producer’s stock worth $5,722,000 after purchasing an additional 2,848 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in shares of Tesla by 6.2% in the fourth quarter. Avantax Planning Partners Inc. now owns 14,453 shares of the electric vehicle producer’s stock valued at $5,837,000 after buying an additional 846 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in Tesla by 2.8% during the 4th quarter. GC Wealth Management RIA LLC now owns 3,764 shares of the electric vehicle producer’s stock worth $1,520,000 after buying an additional 104 shares in the last quarter. Gables Capital Management Inc. grew its holdings in Tesla by 10.2% during the 4th quarter. Gables Capital Management Inc. now owns 551 shares of the electric vehicle producer’s stock worth $223,000 after acquiring an additional 51 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its position in Tesla by 1,030.7% in the 4th quarter. Donaldson Capital Management LLC now owns 10,086 shares of the electric vehicle producer’s stock valued at $4,073,000 after acquiring an additional 9,194 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.50. The trade was a 9.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,452 shares of company stock worth $153,659,530. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSLA shares. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Barclays upped their price target on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. UBS Group lowered their price objective on Tesla from $259.00 to $225.00 and set a “sell” rating for the company in a research report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $326.43.

Tesla Trading Up 3.8 %

Shares of NASDAQ:TSLA opened at $230.58 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a 50-day simple moving average of $360.40 and a 200 day simple moving average of $319.53. The company has a market capitalization of $741.66 billion, a P/E ratio of 113.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.