Girard Partners LTD. increased its holdings in Tesla Inc (NASDAQ:TSLA) by 22.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,505 shares of the electric vehicle producer’s stock after purchasing an additional 280 shares during the quarter. Girard Partners LTD.’s holdings in Tesla were worth $469,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. raised its stake in Tesla by 12.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,675 shares of the electric vehicle producer’s stock worth $1,456,000 after buying an additional 521 shares in the last quarter. Swiss National Bank raised its stake in Tesla by 1.7% in the fourth quarter. Swiss National Bank now owns 492,485 shares of the electric vehicle producer’s stock worth $153,335,000 after buying an additional 8,100 shares in the last quarter. California Public Employees Retirement System raised its stake in Tesla by 4.5% in the fourth quarter. California Public Employees Retirement System now owns 346,177 shares of the electric vehicle producer’s stock worth $107,782,000 after buying an additional 15,030 shares in the last quarter. Bedell Frazier Investment Counseling LLC raised its stake in Tesla by 2.4% in the fourth quarter. Bedell Frazier Investment Counseling LLC now owns 13,954 shares of the electric vehicle producer’s stock worth $4,344,000 after buying an additional 327 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Tesla by 20.9% in the fourth quarter. Teacher Retirement System of Texas now owns 36,510 shares of the electric vehicle producer’s stock worth $11,367,000 after buying an additional 6,323 shares in the last quarter. 57.49% of the stock is owned by institutional investors.

TSLA has been the topic of several analyst reports. Nomura reaffirmed a “buy” rating and issued a $500.00 price target on shares of Tesla in a report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $411.00 price target on shares of Tesla in a report on Wednesday, October 25th. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the stock a “buy” rating in a report on Monday, October 16th. Global Equities Research reaffirmed a “buy” rating and issued a $485.00 price target on shares of Tesla in a report on Wednesday, November 29th. Finally, Vetr raised shares of Tesla from a “sell” rating to a “buy” rating and set a $331.07 price target on the stock in a report on Tuesday, December 26th. Twelve equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $322.45.

In other Tesla news, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $313.25, for a total value of $543,802.00. Following the completion of the transaction, the vice president now owns 1,225 shares in the company, valued at $383,731.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the transaction, the director now owns 154,589 shares of the company’s stock, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,231 shares of company stock valued at $3,292,431. Insiders own 23.10% of the company’s stock.

Tesla Inc (NASDAQ:TSLA) opened at $310.42 on Monday. Tesla Inc has a 1 year low of $242.01 and a 1 year high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.69) earnings per share. equities analysts expect that Tesla Inc will post -6.87 earnings per share for the current fiscal year.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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