Generali Investments CEE investicni spolecnost a.s. Buys Shares of 18,600 Tesla, Inc. (NASDAQ:TSLA)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,600 shares of the electric vehicle producer's stock, valued at approximately $7,511,000. Tesla makes up about 0.8% of Generali Investments CEE investicni spolecnost a.s.'s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter worth $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter worth $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla during the fourth quarter worth $46,000. PayPay Securities Corp boosted its stake in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock worth $49,000 after buying an additional 69 shares during the period. Finally, Finley Financial LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $64,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 422,452 shares of company stock valued at $153,659,530 over the last quarter. Company insiders own 20.70% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSLA shares. Cantor Fitzgerald reissued a "neutral" rating and set a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Truist Financial boosted their target price on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a research note on Monday, January 6th. Bank of America lowered their target price on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $327.37.

Tesla Stock Down 0.3 %

Shares of NASDAQ TSLA traded down $0.78 during midday trading on Friday, hitting $262.67. 102,166,241 shares of the company's stock were exchanged, compared to its average volume of 82,497,328. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a market cap of $844.88 billion, a PE ratio of 128.76, a P/E/G ratio of 5.86 and a beta of 2.50. The firm's fifty day simple moving average is $367.78 and its 200-day simple moving average is $318.71.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company 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.