Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,325,850 shares of the electric vehicle producer’s stock after purchasing an additional 780,026 shares during the period. Tesla comprises 1.3% of Charles Schwab Investment Management Inc.’s portfolio, making the stock its 9th largest position. Charles Schwab Investment Management Inc.’s holdings in Tesla were worth $6,996,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Tesla during the fourth quarter valued at approximately $46,000. PayPay Securities Corp lifted its holdings in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Tesla in the 3rd quarter worth approximately $35,000. Finally, Finley Financial LLC bought a new stake in shares of Tesla in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSLA shares. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Mizuho reaffirmed an “outperform” rating and issued a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Finally, Bank of America lowered their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a report on Tuesday. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $315.33.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,996 shares of company stock valued at $118,467,387 over the last three months. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $272.11 on Wednesday. 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 firm’s 50 day moving average is $378.63 and its 200-day moving average is $318.40. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a market capitalization of $875.24 billion, a P/E ratio of 133.39, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.