Sapient Capital LLC Has $4.87 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Sapient Capital LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,054 shares of the electric vehicle producer’s stock after purchasing an additional 50 shares during the period. Sapient Capital LLC’s holdings in Tesla were worth $4,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its holdings in shares of Tesla by 18.2% during the third quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock valued at $651,000 after acquiring an additional 384 shares during the period. Creative Planning increased its position in shares of Tesla by 28.3% during the 3rd quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock worth $221,677,000 after purchasing an additional 197,839 shares in the last quarter. Swedbank AB boosted its position in Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after buying an additional 29,669 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Tesla by 9.1% during the third quarter. Bleakley Financial Group LLC now owns 72,087 shares of the electric vehicle producer’s stock worth $18,860,000 after buying an additional 6,042 shares during the last quarter. Finally, Teamwork Financial Advisors LLC raised its stake in shares of Tesla by 9.1% in the third quarter. Teamwork Financial Advisors LLC now owns 32,241 shares of the electric vehicle producer’s stock valued at $8,435,000 after acquiring an additional 2,693 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 0.0 %

NASDAQ TSLA opened at $355.84 on Friday. The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 174.43, a PEG ratio of 6.22 and a beta of 2.34. The stock’s 50 day moving average price is $406.98 and its two-hundred day moving average price is $306.79. 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.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TSLA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, February 10th. Wedbush lifted their price target on Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Robert W. Baird decreased their price objective 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. Bank of America downgraded shares of Tesla from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Mizuho reissued an “outperform” rating and issued a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $326.50.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last quarter. Corporate insiders own 20.70% of the company’s stock.

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.