Trexquant Investment LP Takes $4.99 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Trexquant Investment LP acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 20,079 shares of the electric vehicle producer’s stock, valued at approximately $4,989,000.

Other large investors have also made changes to their positions in the company. Apexium Financial LP raised its position in Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after acquiring an additional 21,972 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after buying an additional 350 shares during the last quarter. Forum Financial Management LP raised its position in shares of Tesla by 19.7% in the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after buying an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Tesla by 16.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after buying an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its position in shares of Tesla by 9.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock valued at $1,734,000 after buying an additional 598 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLA. Citigroup upped their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI lowered their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, April 29th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Guggenheim reissued a “sell” rating and issued a $122.00 price objective on shares of Tesla in a research note on Tuesday, April 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $185.90.

Tesla Stock Performance

TSLA stock opened at $180.11 on Thursday. 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 capitalization of $574.41 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 4.58 and a beta of 2.41. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The stock’s fifty day moving average is $171.15 and its two-hundred day moving average is $201.74.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. On average, research analysts predict that Tesla, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,097 shares of company stock valued at $37,877,471. 25.10% of the stock is owned by corporate insiders.

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.