Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Ancora Advisors LLC

Ancora Advisors LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,585 shares of the electric vehicle producer’s stock after buying an additional 294 shares during the period. Ancora Advisors LLC’s holdings in Tesla were worth $1,158,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lam Group Inc. acquired a new stake in Tesla in the fourth quarter worth $25,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla in the fourth quarter worth $37,000. Kathleen S. Wright Associates Inc. grew its stake in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Guardian Wealth Management Inc. bought a new position in shares of Tesla in the fourth quarter worth $47,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in shares of Tesla in the fourth quarter worth $50,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,719 shares of company stock valued at $32,032,968. Insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSLA. Glj Research increased their price target on Tesla from $22.86 to $24.86 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 target price on shares of Tesla in a research note on Monday, June 10th. JPMorgan Chase & Co. decreased their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday, July 9th. Finally, Mizuho raised their target price on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $204.30.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $232.07 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The firm has a market cap of $741.38 billion, a price-to-earnings ratio of 59.20, a P/E/G ratio of 5.76 and a beta of 2.31. The business’s 50-day simple moving average is $208.58 and its 200-day simple moving average is $190.97. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 1.79 earnings per share for the current fiscal year.

About Tesla

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.