State of Alaska Department of Revenue decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,148 shares of the electric vehicle producer’s stock after selling 1,131 shares during the period. Tesla makes up about 0.6% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 22nd largest holding. State of Alaska Department of Revenue’s holdings in Tesla were worth $51,999,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. DNB Asset Management AS increased its position in shares of Tesla by 16.5% during the fourth quarter. DNB Asset Management AS now owns 617,655 shares of the electric vehicle producer’s stock worth $76,083,000 after acquiring an additional 87,491 shares in the last quarter. Financial Management Professionals Inc. grew its position in Tesla by 13.7% in the fourth quarter. Financial Management Professionals Inc. now owns 3,643 shares of the electric vehicle producer’s stock valued at $447,000 after purchasing an additional 440 shares in the last quarter. My Personal CFO LLC bought a new position in Tesla in the fourth quarter valued at $128,000. North Star Investment Management Corp. grew its position in Tesla by 48.0% in the fourth quarter. North Star Investment Management Corp. now owns 2,708 shares of the electric vehicle producer’s stock valued at $334,000 after purchasing an additional 878 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in Tesla by 6.2% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the electric vehicle producer’s stock valued at $544,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on TSLA shares. Bank of America raised their target price on shares of Tesla from $130.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, January 26th. Piper Sandler decreased their target price on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, January 18th. KGI Securities downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and set a $196.00 target price for the company. in a research report on Thursday, March 2nd. Edward Jones raised shares of Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Finally, Morgan Stanley decreased their price objective on shares of Tesla from $250.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, January 25th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $221.39.
Insiders Place Their Bets
Tesla Price Performance
Shares of Tesla stock traded down $4.00 during midday trading on Friday, hitting $180.13. 133,197,140 shares of the company traded hands, compared to its average volume of 152,494,352. The stock has a market cap of $569.95 billion, a price-to-earnings ratio of 49.71, a PEG ratio of 2.19 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.53. The firm’s fifty day moving average price is $175.38 and its 200-day moving average price is $197.07. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $384.29.
Tesla (NASDAQ:TSLA – Get Rating) last posted its earnings results on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The firm had revenue of $24.32 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Tesla, Inc. will post 3.43 earnings per share for the current year.
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.
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