AEGON ASSET MANAGEMENT UK Plc Has $61.01 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,261 shares of the electric vehicle producer's stock after acquiring an additional 2,163 shares during the period. Tesla makes up 0.8% of AEGON ASSET MANAGEMENT UK Plc's portfolio, making the stock its 28th biggest position. AEGON ASSET MANAGEMENT UK Plc's holdings in Tesla were worth $61,014,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after purchasing an additional 194,796 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Tesla by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer's stock valued at $108,638,000 after purchasing an additional 206,248 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Tesla by 6.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 43,377 shares of the electric vehicle producer's stock valued at $11,349,000 after purchasing an additional 2,664 shares in the last quarter. AIA Group Ltd grew its holdings in Tesla by 10.1% during the 3rd quarter. AIA Group Ltd now owns 83,374 shares of the electric vehicle producer's stock valued at $21,813,000 after purchasing an additional 7,655 shares in the last quarter. Finally, Morse Asset Management Inc grew its holdings in Tesla by 138.1% during the 2nd quarter. Morse Asset Management Inc now owns 5,969 shares of the electric vehicle producer's stock valued at $1,181,000 after purchasing an additional 3,462 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA traded up $24.31 during mid-day trading on Friday, hitting $321.22. The company's stock had a trading volume of 204,782,763 shares, compared to its average volume of 94,883,055. The firm has a 50-day moving average price of $241.18 and a 200 day moving average price of $214.90. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 88.01, a PEG ratio of 9.51 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $328.71.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, research analysts predict that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TSLA shares. The Goldman Sachs Group raised their price objective on shares of Tesla from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Sanford C. Bernstein reissued an "underperform" rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Bank of America raised their price objective on shares of Tesla from $265.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday. Glj Research reissued a "sell" rating and set a $24.86 price objective on shares of Tesla in a report on Thursday, October 17th. Finally, William Blair assumed coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an "outperform" rating on the stock. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $222.03.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,442,856.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,442,856.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock valued at $19,211,821 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

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.