Xponance Inc. Has $162.40 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Xponance Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,588 shares of the electric vehicle producer’s stock after acquiring an additional 12,289 shares during the quarter. Tesla makes up approximately 1.9% of Xponance Inc.’s portfolio, making the stock its 8th largest position. Xponance Inc.’s holdings in Tesla were worth $162,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSLA. Axiom Financial Strategies LLC grew its stake in shares of Tesla by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after buying an additional 164,789 shares during the last quarter. MAS Advisors LLC boosted its holdings in shares of Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC boosted its holdings in shares of Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after purchasing an additional 4,593 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock traded down $5.52 during midday trading on Thursday, hitting $149.93. The stock had a trading volume of 94,030,793 shares, compared to its average volume of 101,755,750. The firm’s fifty day moving average is $180.24 and its two-hundred day moving average is $212.64. The company has a market capitalization of $477.50 billion, a PE ratio of 35.25, a P/E/G ratio of 4.15 and a beta of 2.39. Tesla, Inc. has a 52-week low of $148.70 and a 52-week high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on TSLA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $298.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Mizuho reissued a “neutral” rating and issued a $195.00 price target (down from $270.00) on shares of Tesla in a report on Monday, March 25th. Redburn Atlantic initiated coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Wedbush lowered their price target on shares of Tesla from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $194.70.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 in the last three months. 25.10% of the stock is currently owned by corporate insiders.

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.