Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Cut by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 952,491 shares of the electric vehicle producer's stock after selling 11,537 shares during the period. Tesla makes up 1.8% of Skandinaviska Enskilda Banken AB publ's portfolio, making the stock its 8th largest holding. Skandinaviska Enskilda Banken AB publ's holdings in Tesla were worth $397,455,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TSLA. Peterson Financial Group Inc. bought a new position in Tesla during the third quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla in the 4th quarter worth about $46,000. Parkworth Wealth Management Inc. purchased a new stake in Tesla during the fourth quarter valued at approximately $47,000. PayPay Securities Corp grew its holdings in Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock worth $49,000 after purchasing an additional 69 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in shares of Tesla during the fourth quarter worth $55,000. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Glj Research restated a "buy" rating on shares of Tesla in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Roth Capital raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. The Goldman Sachs Group reiterated a "cautious" rating on shares of Tesla in a research note on Monday, March 3rd. Finally, Truist Financial upped their target price on Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $325.81.

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Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla 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 $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by insiders.

Tesla Trading Up 7.6 %

Shares of TSLA opened at $248.09 on Thursday. The firm's fifty day moving average is $357.29 and its two-hundred day moving average is $319.03. The stock has a market cap of $797.99 billion, a PE ratio of 121.61, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a quick ratio of 1.61, a current ratio of 2.02 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 $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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%. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.

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