Robeco Institutional Asset Management B.V. Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Robeco Institutional Asset Management B.V. raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,373,176 shares of the electric vehicle producer's stock after acquiring an additional 555,867 shares during the period. Tesla makes up approximately 1.1% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 13th biggest holding. Robeco Institutional Asset Management B.V.'s holdings in Tesla were worth $554,543,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Quarry LP purchased a new position in shares of Tesla in the 2nd quarter valued at about $48,000. Czech National Bank grew its stake in Tesla by 6.9% in the 3rd quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer's stock valued at $147,892,000 after acquiring an additional 36,544 shares during the period. Curbstone Financial Management Corp purchased a new stake in Tesla in the 3rd quarter worth $470,000. Farmers Trust Co. acquired a new stake in Tesla in the 3rd quarter valued at about $295,000. Finally, Apella Capital LLC boosted its holdings in shares of Tesla by 6.4% during the 3rd quarter. Apella Capital LLC now owns 3,755 shares of the electric vehicle producer's stock worth $935,000 after purchasing an additional 225 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $300.37, for a total value of $2,402,960.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $31,548,461.84. The trade was a 7.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's 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 sale, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 665,776 shares of company stock worth $239,468,052 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 3.6 %

Shares of NASDAQ:TSLA traded down $14.04 on Wednesday, hitting $378.17. 57,076,100 shares of the company's stock were exchanged, compared to its average volume of 74,715,766. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market capitalization of $1.22 trillion, a PE ratio of 185.38, a P/E/G ratio of 6.79 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm's 50-day moving average is $406.20 and its 200 day moving average is $301.73.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results 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 predict that Tesla, Inc. will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Mizuho reiterated an "outperform" rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Truist Financial upped their price objective on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a report on Thursday, January 30th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, Bank of America lowered shares of Tesla from a "buy" rating to a "neutral" rating and lifted their price target for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $318.31.

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.