Jackson Creek Investment Advisors LLC Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Jackson Creek Investment Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,010 shares of the electric vehicle producer’s stock after acquiring an additional 193 shares during the period. Tesla accounts for about 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 12th largest position. Jackson Creek Investment Advisors LLC’s holdings in Tesla were worth $1,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Tesla by 25,990.7% in the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after acquiring an additional 6,179,032 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tesla by 1.6% during the third 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. California Public Employees Retirement System lifted its stake in shares of Tesla by 34.0% during the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock worth $2,260,039,000 after buying an additional 2,293,344 shares during the period. Morgan Stanley lifted its stake in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. Finally, Northern Trust Corp boosted its position in Tesla by 3.4% in the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after purchasing an additional 909,170 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA traded down $10.77 during midday trading on Tuesday, reaching $183.28. 126,066,617 shares of the stock were exchanged, compared to its average volume of 105,358,375. The company has a market capitalization of $584.52 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 4.45 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The business’s 50-day moving average price is $174.92 and its 200 day moving average price is $206.77.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Mizuho lowered their price objective on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. China Renaissance initiated coverage on shares of Tesla in a research note on Monday, February 26th. They issued a “hold” rating for the company. Guggenheim reaffirmed a “sell” rating and set a $122.00 price target on shares of Tesla in a research report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $184.32.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were 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 directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction 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 $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were 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 in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by insiders.

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.