B. Metzler seel. Sohn & Co. AG Purchases 19,182 Shares of Tesla, Inc. (NASDAQ:TSLA)

B. Metzler seel. Sohn & Co. AG grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,434 shares of the electric vehicle producer's stock after purchasing an additional 19,182 shares during the period. Tesla comprises about 0.8% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 28th largest position. B. Metzler seel. Sohn & Co. AG's holdings in Tesla were worth $76,199,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Tesla by 5.6% during the third 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 during the period. United Bank purchased a new stake in Tesla in the 3rd quarter worth about $287,000. Quantbot Technologies LP bought a new stake in Tesla in the 3rd quarter valued at about $687,000. Hantz Financial Services Inc. boosted its position in Tesla by 9.6% during the third quarter. Hantz Financial Services Inc. now owns 8,208 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 721 shares during the period. Finally, Kitching Partners LLC purchased a new position in shares of Tesla in the third quarter worth about $201,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSLA. Canaccord Genuity Group reiterated a "buy" rating and issued a $404.00 price objective on shares of Tesla in a research note on Monday, March 17th. JPMorgan Chase & Co. decreased their price objective on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Evercore ISI raised their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Finally, Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Nine analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $314.84.

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Tesla Stock Down 4.6 %

NASDAQ TSLA traded down $12.88 during trading hours on Thursday, reaching $269.88. 88,722,090 shares of the company's stock traded hands, compared to its average volume of 94,012,056. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a 50-day simple moving average of $312.22 and a 200 day simple moving average of $323.20. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a market cap of $868.07 billion, a PE ratio of 132.29, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 net margin of 7.26% and a return on equity of 10.31%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,228 shares of company stock valued at $166,849,043. 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.