Gold Investment Management Ltd. Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Gold Investment Management Ltd. Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Gold Investment Management Ltd. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,213 shares of the electric vehicle producer’s stock, valued at approximately $1,544,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NWK Group Inc. increased its stake in Tesla by 1.7% during the 4th quarter. NWK Group Inc. now owns 36,433 shares of the electric vehicle producer’s stock valued at $9,053,000 after purchasing an additional 618 shares in the last quarter. Evoke Wealth LLC boosted its holdings in Tesla by 100.0% during the 4th quarter. Evoke Wealth LLC now owns 12,269 shares of the electric vehicle producer’s stock worth $3,049,000 after acquiring an additional 6,134 shares during the last quarter. Arrow Financial Corp boosted its holdings in shares of Tesla by 707.0% in the 4th quarter. Arrow Financial Corp now owns 6,262 shares of the electric vehicle producer’s stock worth $1,556,000 after buying an additional 5,486 shares during the last quarter. StoneX Group Inc. grew its position in Tesla by 0.6% during the fourth quarter. StoneX Group Inc. now owns 15,961 shares of the electric vehicle producer’s stock valued at $3,970,000 after buying an additional 88 shares during the period. Finally, Atalanta Sosnoff Capital LLC grew its position in Tesla by 3.7% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 183,297 shares of the electric vehicle producer’s stock valued at $45,546,000 after buying an additional 6,575 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of Tesla 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 sale, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The stock was 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 approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 198,597 shares of company stock worth $35,733,686 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Trading Down 0.4 %

Shares of Tesla stock traded down $0.71 on Friday, hitting $178.08. The stock had a trading volume of 67,314,602 shares, compared to its average volume of 70,949,680. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The stock has a market cap of $567.93 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 4.39 and a beta of 2.41. The stock’s 50-day simple moving average is $172.18 and its two-hundred day simple moving average is $199.86.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. As a group, sell-side analysts predict that Tesla, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSLA shares. Truist Financial reduced their price target on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. UBS Group cut their target price on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. China Renaissance assumed coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating for the company. Finally, Wells Fargo & Company cut their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, April 12th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $185.90.

Get Our Latest Report on TSLA

About Tesla

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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