B. Metzler seel. Sohn & Co. Holding AG Takes $44.02 Million Position in Tesla, Inc. (NASDAQ:TSLA)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 168,252 shares of the electric vehicle producer's stock, valued at approximately $44,020,000.

Other large investors also recently bought and sold shares of the company. SouthState Corp raised its stake in Tesla by 11.0% during the 3rd quarter. SouthState Corp now owns 2,989 shares of the electric vehicle producer's stock valued at $782,000 after buying an additional 297 shares during the last quarter. Vance Wealth Inc. increased its position in Tesla by 4.2% during the third quarter. Vance Wealth Inc. now owns 10,234 shares of the electric vehicle producer's stock valued at $2,678,000 after acquiring an additional 410 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Tesla by 85.4% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 5,357 shares of the electric vehicle producer's stock valued at $1,402,000 after acquiring an additional 2,467 shares during the period. Princeton Capital Management LLC grew its stake in shares of Tesla by 23.7% during the 3rd quarter. Princeton Capital Management LLC now owns 8,004 shares of the electric vehicle producer's stock valued at $2,094,000 after purchasing an additional 1,532 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Tesla by 8.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 37,175 shares of the electric vehicle producer's stock valued at $9,726,000 after purchasing an additional 2,991 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,797 shares of company stock worth $57,616,781. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. Wells Fargo & Company boosted their target price on shares of Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Canaccord Genuity Group upped their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Phillip Securities downgraded Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a report on Tuesday, October 8th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $230.18.

Tesla Trading Up 2.1 %

Shares of TSLA stock traded up $7.26 during trading hours on Tuesday, reaching $346.00. 88,565,972 shares of the stock were exchanged, compared to its average volume of 96,129,742. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 94.79, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The company's 50-day moving average price is $254.75 and its 200-day moving average price is $222.13.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current 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.