Sapient Capital LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Sapient Capital LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,898 shares of the electric vehicle producer’s stock, valued at approximately $2,956,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Signature Resources Capital Management LLC acquired a new position in shares of Tesla in the fourth quarter worth about $250,000. M&T Bank Corp boosted its holdings in shares of Tesla by 4.9% in the 4th quarter. M&T Bank Corp now owns 345,517 shares of the electric vehicle producer’s stock valued at $85,854,000 after buying an additional 16,258 shares during the period. Solutions 4 Wealth Ltd acquired a new stake in Tesla during the fourth quarter worth about $498,000. Montis Financial LLC lifted its holdings in Tesla by 66.5% in the fourth quarter. Montis Financial LLC now owns 2,417 shares of the electric vehicle producer’s stock worth $601,000 after acquiring an additional 965 shares during the last quarter. Finally, 9258 Wealth Management LLC boosted its stake in Tesla by 1.1% in the fourth quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock valued at $1,532,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.7 %

Shares of TSLA traded up $1.18 during trading hours on Friday, hitting $181.19. 75,491,539 shares of the company were exchanged, compared to its average volume of 112,969,304. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market cap of $577.85 billion, a PE ratio of 46.22, a PEG ratio of 4.71 and a beta of 2.41. The firm’s 50 day moving average is $173.85 and its 200-day moving average is $205.42. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TSLA shares. Evercore ISI reduced their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Truist Financial lowered their price target on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $245.00 to $195.00 in a report on Tuesday, February 6th. Piper Sandler reissued an “overweight” rating and set a $205.00 target price on shares of Tesla in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group decreased their price objective on shares of Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.90.

Tesla 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.