J. Safra Sarasin Holding AG Buys 120,907 Shares of Tesla, Inc. (NASDAQ:TSLA)

J. Safra Sarasin Holding AG grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 270.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,585 shares of the electric vehicle producer's stock after buying an additional 120,907 shares during the period. Tesla makes up 1.1% of J. Safra Sarasin Holding AG's holdings, making the stock its 26th biggest position. J. Safra Sarasin Holding AG's holdings in Tesla were worth $66,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Tesla by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after acquiring an additional 3,571,793 shares during the period. Geode Capital Management LLC lifted its position in Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after purchasing an additional 1,655,203 shares during the period. Norges Bank acquired a new stake in Tesla during the fourth quarter worth about $14,420,248,000. FMR LLC increased its holdings in Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after buying an additional 9,920,325 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tesla by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer's stock worth $6,996,871,000 after acquiring an additional 780,026 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Royal Bank of Canada reduced their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Oppenheimer restated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Evercore ISI increased their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $286.85.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

Tesla stock traded up $8.77 during mid-day trading on Thursday, reaching $259.51. 93,346,579 shares of the company's stock were exchanged, compared to its average volume of 96,188,645. The firm has a market capitalization of $834.72 billion, a PE ratio of 127.21, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $267.29 and its 200 day simple moving average is $322.05. Tesla, Inc. has a one year low of $157.51 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company 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 in the previous year, the company posted $0.45 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 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.