Tesla, Inc. (NASDAQ:TSLA) is Privium Fund Management B.V.'s Largest Position

Privium Fund Management B.V. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,000 shares of the electric vehicle producer's stock after buying an additional 3,000 shares during the period. Tesla accounts for about 14.0% of Privium Fund Management B.V.'s investment portfolio, making the stock its biggest holding. Privium Fund Management B.V.'s holdings in Tesla were worth $56,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Vanguard Group Inc. grew its holdings in Tesla by 1.7% in the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after purchasing an additional 3,795,748 shares during the last quarter. International Assets Investment Management LLC grew its stake in Tesla by 35,611.2% during the 3rd 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 buying an additional 11,023,436 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Tesla by 21,816.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock valued at $1,167,970,000 after buying an additional 5,875,484 shares in the last quarter. ARK Investment Management LLC raised its stake in Tesla by 2.6% in the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer's stock valued at $1,051,613,000 after buying an additional 135,966 shares during the last quarter. Finally, National Pension Service boosted its holdings in Tesla by 15.3% in the third quarter. National Pension Service now owns 5,182,657 shares of the electric vehicle producer's stock worth $1,355,939,000 after acquiring an additional 688,717 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA stock traded up $24.31 during midday trading on Friday, reaching $321.22. The stock had a trading volume of 204,782,763 shares, compared to its average volume of 88,324,920. The company's fifty day simple moving average is $241.18 and its 200 day simple moving average is $215.39. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $328.71.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Tesla's quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSLA shares. Wells Fargo & Company increased their price objective on shares of Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Tesla from $265.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Argus reissued a "buy" rating and issued a $286.00 target price on shares of Tesla in a research report on Friday, July 26th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $245.00 price target on shares of Tesla in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $222.03.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,258,000. This trade represents a 0.00 % 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, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,797 shares of company stock valued at $19,211,821. 20.70% 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.