New York Life Investment Management LLC Buys 3,277 Shares of Tesla, Inc. (NASDAQ:TSLA)

New York Life Investment Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 433,430 shares of the electric vehicle producer’s stock after buying an additional 3,277 shares during the quarter. Tesla comprises approximately 1.1% of New York Life Investment Management LLC’s investment portfolio, making the stock its 18th biggest holding. New York Life Investment Management LLC’s holdings in Tesla were worth $107,699,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vicus Capital lifted its position in shares of Tesla by 50.6% in the third quarter. Vicus Capital now owns 1,676 shares of the electric vehicle producer’s stock worth $419,000 after purchasing an additional 563 shares in the last quarter. First Pacific Financial bought a new stake in shares of Tesla in the third quarter worth $81,000. Callahan Advisors LLC lifted its position in shares of Tesla by 10.0% in the third quarter. Callahan Advisors LLC now owns 1,375 shares of the electric vehicle producer’s stock worth $344,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Tesla by 0.4% during the third quarter. Maryland State Retirement & Pension System now owns 212,230 shares of the electric vehicle producer’s stock worth $53,104,000 after buying an additional 935 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in Tesla by 20.1% during the third quarter. Dakota Wealth Management now owns 12,233 shares of the electric vehicle producer’s stock worth $3,061,000 after buying an additional 2,045 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of TSLA stock traded down $3.29 on Wednesday, reaching $179.99. The company had a trading volume of 92,607,206 shares, compared to its average volume of 105,212,375. The stock has a market capitalization of $574.02 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 5.28 and a beta of 2.39. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The business’s 50-day moving average is $174.71 and its 200 day moving average is $206.29.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TSLA shares. Jefferies Financial Group lowered their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Redburn Atlantic started coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $184.32.

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.