Skandinaviska Enskilda Banken AB publ Has $136.11 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 687,602 shares of the electric vehicle producer's stock after buying an additional 10,155 shares during the period. Tesla makes up approximately 0.7% of Skandinaviska Enskilda Banken AB publ's holdings, making the stock its 27th biggest holding. Skandinaviska Enskilda Banken AB publ's holdings in Tesla were worth $136,111,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its stake in Tesla by 21,816.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after purchasing an additional 5,875,484 shares during the period. Vanguard Group Inc. lifted its stake in Tesla by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer's stock valued at $57,102,287,000 after acquiring an additional 3,866,361 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Tesla by 2,101.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer's stock worth $365,064,000 after acquiring an additional 1,402,443 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer's stock worth $1,731,430,000 after acquiring an additional 1,125,329 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in shares of Tesla by 60.2% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,854,198 shares of the electric vehicle producer's stock valued at $501,654,000 after purchasing an additional 1,072,366 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TSLA shares. Morgan Stanley reiterated an "overweight" rating and issued a $310.00 price target on shares of Tesla in a research note on Thursday, September 5th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $254.00 target price on shares of Tesla in a research report on Friday, September 13th. Guggenheim increased their price target on Tesla from $134.00 to $153.00 and gave the company a "sell" rating in a research report on Friday, September 13th. Barclays lowered their price target on Tesla from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 25th. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a report on Tuesday, July 9th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $209.60.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $5.67 during trading on Friday, reaching $238.25. 99,318,684 shares of the company traded hands, compared to its average volume of 96,361,898. The firm has a market capitalization of $759.83 billion, a PE ratio of 60.78, a PEG ratio of 6.00 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $221.30 and its two-hundred day moving average is $195.84.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

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.