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1,646,202 Shares in Tesla, Inc. $TSLA Bought by PFA Pension Forsikringsaktieselskab

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Key Points

  • PFA Pension Forsikringsaktieselskab acquired a new position of 1,646,202 shares of Tesla (TSLA), worth about $748.1 million2.1% of its portfolio and making Tesla its ninth-largest holding.
  • Tesla beat Q‑quarter EPS estimates at $0.41 (vs. $0.39 consensus) while revenue of $22.39 billion slightly missed expectations; the company has a market cap of about $1.47 trillion and an average analyst rating of "Hold" with a $398.42 average price target.
  • Interested in Tesla? Here are five stocks we like better.

PFA Pension Forsikringsaktieselskab acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,646,202 shares of the electric vehicle producer's stock, valued at approximately $748,084,000. Tesla accounts for approximately 2.1% of PFA Pension Forsikringsaktieselskab's portfolio, making the stock its 9th largest holding.

Several other large investors also recently modified their holdings of TSLA. Brighton Jones LLC grew its holdings in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its position in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC lifted its position in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock valued at $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC lifted its position in Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock valued at $1,544,000 after purchasing an additional 851 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Shares of Tesla stock opened at $390.82 on Friday. The stock's 50-day simple moving average is $383.09 and its 200-day simple moving average is $419.29. Tesla, Inc. has a 52 week low of $271.00 and a 52 week high of $498.83. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 358.55, a PEG ratio of 14.52 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The business's revenue was up 15.8% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSLA shares. Benchmark reiterated a "buy" rating on shares of Tesla in a research report on Wednesday, February 11th. Barclays reiterated a "neutral" rating on shares of Tesla in a research report on Thursday, April 23rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $510.00 target price on shares of Tesla in a research report on Wednesday, April 22nd. Finally, Mizuho lowered their target price on Tesla from $540.00 to $480.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $398.42.

Check Out Our Latest Analysis on TSLA

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the business's stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the transaction, the director owned 33,860 shares in the company, valued at $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,804 shares of company stock worth $20,865,598 over the last 90 days. Company insiders own 19.90% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

(Free Report)

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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