Artemis Investment Management LLP Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Artemis Investment Management LLP increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 36.1% in the 4th quarter, Holdings Channel reports. The firm owned 122,558 shares of the electric vehicle producer’s stock after purchasing an additional 32,512 shares during the period. Artemis Investment Management LLP’s holdings in Tesla were worth $49,494,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC boosted its stake in Tesla by 54.9% during the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $669,000 after buying an additional 587 shares during the last quarter. Mission Hills Financial Advisory LLC acquired a new position in Tesla during the fourth quarter worth $245,000. Oak Ridge Investments LLC boosted its stake in Tesla by 6.0% during the fourth quarter. Oak Ridge Investments LLC now owns 40,815 shares of the electric vehicle producer’s stock worth $16,483,000 after buying an additional 2,312 shares during the last quarter. GenWealth Group Inc. acquired a new position in Tesla during the fourth quarter worth $213,000. Finally, Aaron Wealth Advisors LLC boosted its stake in Tesla by 25.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 13,410 shares of the electric vehicle producer’s stock worth $5,415,000 after buying an additional 2,680 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 3.1 %

Shares of NASDAQ TSLA opened at $426.50 on Tuesday. The stock has a market cap of $1.37 trillion, a PE ratio of 116.85, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The business has a 50-day moving average price of $389.94 and a 200 day moving average price of $288.78.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share 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 during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price objective on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. UBS Group boosted their price objective on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upped their price target on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Canaccord Genuity Group upped their price target on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued 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 an average price target of $299.33.

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.