Gilbert & Cook Inc. Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Gilbert & Cook Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,511 shares of the electric vehicle producer’s stock after purchasing an additional 1,086 shares during the period. Tesla makes up 0.5% of Gilbert & Cook Inc.’s portfolio, making the stock its 19th biggest holding. Gilbert & Cook Inc.’s holdings in Tesla were worth $3,357,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLA. Vanguard Group Inc. raised its holdings in shares of Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after acquiring an additional 3,453,078 shares in the last quarter. Morgan Stanley increased its position in shares of Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. FMR LLC raised its stake in Tesla by 0.9% in the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after purchasing an additional 269,182 shares in the last quarter. Northern Trust Corp lifted its position in Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after purchasing an additional 909,170 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Tesla by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,697,074 shares of the electric vehicle producer’s stock worth $3,677,502,000 after buying an additional 496,299 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders have sold 198,597 shares of company stock valued at $35,733,686 in the last three months. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Performance

Tesla stock opened at $178.08 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The stock’s 50 day simple moving average is $172.18 and its two-hundred day simple moving average is $199.60. 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 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.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, analysts expect that Tesla, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Piper Sandler reaffirmed an “overweight” rating and set a $205.00 price target on shares of Tesla in a research note on Monday, April 22nd. Mizuho reduced their price objective on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Wedbush restated an “outperform” rating and issued a $275.00 target price on shares of Tesla in a research report on Monday, April 29th. Finally, HSBC reduced their price target on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $185.90.

Read Our Latest Analysis on Tesla

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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