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

Artemis Investment Management LLP grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McElhenny Sheffield Capital Management LLC increased its stake in shares of 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 valued at $669,000 after buying an additional 587 shares during the period. Mission Hills Financial Advisory LLC purchased a new position in shares of Tesla during the fourth quarter valued at $245,000. Oak Ridge Investments LLC increased its stake in shares of Tesla by 6.0% during the fourth quarter. Oak Ridge Investments LLC now owns 40,815 shares of the electric vehicle producer’s stock valued at $16,483,000 after buying an additional 2,312 shares during the period. GenWealth Group Inc. purchased a new position in shares of Tesla during the fourth quarter valued at $213,000. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Tesla by 25.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 13,410 shares of the electric vehicle producer’s stock valued at $5,415,000 after buying an additional 2,680 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 3.1 %

Shares of TSLA stock opened at $426.50 on Tuesday. The stock has a 50 day moving average of $389.94 and a 200 day moving average of $288.78. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.37 trillion, a P/E ratio of 116.85, a P/E/G ratio of 6.53 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 621,886 shares of company stock worth $213,451,751 over the last three months. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on TSLA. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and raised their price target for the company from $230.00 to $515.00 in a research note on Tuesday, December 17th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Jefferies Financial Group lifted their target price on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company lifted their target price on Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $299.33.

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.