Vontobel Holding Ltd. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Vontobel Holding Ltd. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,300 shares of the electric vehicle producer's stock after purchasing an additional 60,342 shares during the quarter. Vontobel Holding Ltd.'s holdings in Tesla were worth $130,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TSLA. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter worth about $29,000. PayPay Securities Corp lifted its holdings in shares of Tesla by 130.2% in the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock worth $49,000 after acquiring an additional 69 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Tesla in the 3rd quarter worth about $35,000. Finley Financial LLC bought a new stake in shares of Tesla in the 4th quarter worth about $64,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Tesla by 416.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 186 shares of the electric vehicle producer's stock worth $75,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. Truist Financial raised their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target on the stock in a research note on Thursday, October 24th. Morgan Stanley raised their price target on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Wedbush raised their price target on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $326.50.

Tesla Stock Performance

NASDAQ TSLA traded down $6.16 on Thursday, hitting $354.40. 45,742,280 shares of the company's stock traded hands, compared to its average volume of 75,478,797. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm's 50-day moving average price is $403.41 and its two-hundred day moving average price is $311.13. The firm has a market capitalization of $1.14 trillion, a PE ratio of 173.73, a P/E/G ratio of 5.86 and a beta of 2.34.

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 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%. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company's stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock valued at $195,995,200 in the last three months. 20.70% of the stock is currently owned by corporate 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.