Allspring Global Investments Holdings LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,617 shares of the electric vehicle producer's stock after buying an additional 9,797 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Tesla were worth $109,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Jmac Enterprises LLC boosted its stake in Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Tesla by 3.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 8,771 shares of the electric vehicle producer's stock worth $3,542,000 after purchasing an additional 259 shares during the last quarter. Great Lakes Retirement Inc. bought a new stake in Tesla during the fourth quarter worth about $291,000. Kentucky Trust Co bought a new stake in Tesla during the fourth quarter worth about $145,000. Finally, Gladstone Institutional Advisory LLC lifted its stake in Tesla by 18.7% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 51,481 shares of the electric vehicle producer's stock worth $20,790,000 after purchasing an additional 8,104 shares during the last quarter. 66.20% of the stock is owned by institutional investors.
NASDAQ:TSLA traded down $0.10 during mid-day trading on Friday, hitting $355.84. The company's stock had a trading volume of 68,000,576 shares, compared to its average volume of 67,880,264. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market cap 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 business's fifty day moving average is $406.31 and its two-hundred day moving average is $308.24.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.
TSLA has been the topic of several analyst reports. KGI Securities upgraded Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective on the stock in a report on Thursday, October 24th. Phillip Securities cut Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Mizuho reaffirmed an "outperform" rating and issued a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, February 10th. Finally, Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $326.50.
View Our Latest Stock Analysis on Tesla
In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $30,095,100. This represents a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,386 shares of company stock worth $195,995,200. Company insiders own 20.70% of the company's stock.
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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