Mn Services Vermogensbeheer B.V. boosted its stake in shares of Tesla Inc (NASDAQ:TSLA) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,125 shares of the electric vehicle producer’s stock after buying an additional 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Tesla were worth $6,192,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sontag Advisory LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $26,000. Alpha Windward LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $26,000. Gradient Investments LLC lifted its holdings in shares of Tesla by 1,660.0% in the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after buying an additional 83 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $30,000. Finally, Mackey Komara & Dankovich LLC lifted its holdings in shares of Tesla by 493.3% in the first quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Institutional investors own 59.71% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sell” rating and issued a $245.00 target price on shares of Tesla in a research note on Wednesday, February 6th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research note on Monday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $283.00 target price (down from $291.00) on shares of Tesla in a research note on Tuesday, February 5th. BidaskClub raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Finally, UBS Group reaffirmed a “sell” rating and issued a $230.00 target price on shares of Tesla in a research note on Friday, January 18th. Sixteen research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. Tesla has a consensus rating of “Hold” and a consensus price target of $303.47.
In other news, Director Antonio J. Gracias sold 16,780 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $275.92, for a total value of $4,629,937.60. Following the transaction, the director now owns 8,728 shares in the company, valued at $2,408,229.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the completion of the transaction, the insider now owns 321,398 shares in the company, valued at approximately $76,839,833.84. The disclosure for this sale can be found here. Insiders sold 78,560 shares of company stock worth $21,772,906 in the last 90 days. Company insiders own 22.80% of the company’s stock.
Shares of Tesla stock opened at $228.33 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.79. Tesla Inc has a 52-week low of $224.50 and a 52-week high of $387.46. The company has a market capitalization of $40.29 billion, a PE ratio of -39.92 and a beta of 0.27.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.51) by ($1.59). Tesla had a negative return on equity of 18.23% and a negative net margin of 4.29%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the business posted ($3.35) EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. As a group, analysts predict that Tesla Inc will post -4.64 EPS for the current year.
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Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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