Banco Bilbao Vizcaya Argentaria S.A. Has $66.80 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,119 shares of the electric vehicle producer's stock after acquiring an additional 13,082 shares during the period. Tesla makes up approximately 0.7% of Banco Bilbao Vizcaya Argentaria S.A.'s portfolio, making the stock its 19th biggest position. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Tesla were worth $66,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Horrell Capital Management Inc. increased its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. boosted its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the 4th quarter valued at about $38,000. Delos Wealth Advisors LLC increased its position in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla during the 4th quarter worth approximately $44,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA opened at $251.07 on Thursday. Tesla, Inc. has a 52-week low of $157.51 and a 52-week high of $488.54. The company has a fifty day moving average of $267.29 and a 200-day moving average of $322.05. The company has a market capitalization of $807.56 billion, a P/E ratio of 123.07, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the company posted $0.45 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group decreased their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday. Piper Sandler restated an "overweight" rating on shares of Tesla in a research note on Tuesday. New Street Research raised shares of 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. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research report on Tuesday. Finally, BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $283.24.

Tesla 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.

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