KBC Group NV grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 201.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,521,552 shares of the electric vehicle producer's stock after purchasing an additional 1,017,407 shares during the period. Tesla comprises about 1.7% of KBC Group NV's investment portfolio, making the stock its 8th biggest position. KBC Group NV's holdings in Tesla were worth $614,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. International Assets Investment Management LLC lifted its stake in Tesla by 35,611.2% during the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after purchasing an additional 11,023,436 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Tesla by 194.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after buying an additional 3,624,910 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after buying an additional 2,946,763 shares in the last quarter. Wellington Management Group LLP grew its position in Tesla by 52.0% in the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock valued at $1,921,548,000 after acquiring an additional 2,511,488 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Tesla by 236.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock worth $416,341,000 after acquiring an additional 1,479,378 shares in the last quarter. Institutional investors own 66.20% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on TSLA shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $365.00 target price on shares of Tesla in a report on Wednesday. Glj Research reaffirmed a "sell" rating and set a $24.86 price target on shares of Tesla in a report on Friday, January 3rd. Piper Sandler boosted their price objective on Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday. Finally, Stifel Nicolaus upped their price target on shares of Tesla from $411.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $318.31.
Get Our Latest Stock Analysis on Tesla
Tesla Stock Up 1.1 %
TSLA stock traded up $4.32 during mid-day trading on Friday, reaching $404.60. The company had a trading volume of 83,239,854 shares, compared to its average volume of 66,449,784. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 198.33, a PEG ratio of 8.08 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a 50 day simple moving average of $404.22 and a two-hundred day simple moving average of $299.34.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. As a group, equities analysts predict that Tesla, Inc. will post 2.82 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is owned by insiders.
Tesla Profile
(
Free Report)
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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