Allianz SE Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Allianz SE acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 104,334 shares of the electric vehicle producer's stock, valued at approximately $43,531,000. Tesla accounts for about 1.1% of Allianz SE's portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also modified their holdings of TSLA. Hengehold Capital Management LLC grew its holdings in shares of Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the last quarter. Strategic Investment Advisors MI increased its holdings in Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after purchasing an additional 24 shares in the last quarter. Acropolis Investment Management LLC lifted its holdings in shares of Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after buying an additional 25 shares in the last quarter. Finally, Vista Finance LLC lifted its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. HSBC reduced their price objective on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research report on Thursday. Benchmark assumed coverage on shares of Tesla in a research note on Wednesday, February 12th. They issued a "buy" rating and a $475.00 target price on the stock. New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research note on Monday, January 6th. UBS Group lowered their price target on Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley reduced their target price on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $317.75.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 477,228 shares of company stock valued at $166,849,043 over the last ninety days. 20.70% of the stock is owned by company insiders.

Tesla Trading Down 1.7 %

TSLA traded down $4.39 on Monday, reaching $259.16. 131,586,506 shares of the company traded hands, compared to its average volume of 93,376,089. The company has a market cap of $833.59 billion, a P/E ratio of 127.04, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a fifty day simple moving average of $321.33 and a two-hundred day simple moving average of $323.01.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.