ASR Vermogensbeheer N.V. Takes $70.85 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Key Points

• ASR Vermogensbeheer N.V. acquired 273,394 shares of Tesla, Inc. valued at approximately $70.9 million, making it the 15th largest holding in its portfolio.
• Several institutional investors, including Vanguard and Goldman Sachs, significantly increased their holdings in Tesla, with Vanguard now owning over 246 million shares worth nearly $64 billion.
• Tesla's recent earnings report showed a decline in revenue, reporting a net margin of 6.54% and earnings per share of $0.40, which missed the expected estimate by $0.03.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 273,394 shares of the electric vehicle producer's stock, valued at approximately $70,851,000. Tesla comprises approximately 1.0% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 15th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $56,600,000. Means Investment CO. Inc. boosted its holdings in Tesla by 37.7% in the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after purchasing an additional 6,323 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in Tesla by 3.1% in the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Tesla by 8.5% in the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock worth $153,436,000 after purchasing an additional 46,087 shares during the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Tesla in the fourth quarter worth approximately $8,158,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 606,724 shares of company stock valued at $215,376,831 in the last quarter. Corporate insiders own 20.70% of the company's stock.

Tesla Trading Up 0.7%

Shares of TSLA stock traded up $2.36 during trading hours on Thursday, reaching $322.27. 66,349,220 shares of the stock were exchanged, compared to its average volume of 91,453,784. Tesla, Inc. has a 12-month low of $192.04 and a 12-month high of $488.54. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company's 50-day moving average price is $319.07 and its 200-day moving average price is $308.84. The firm has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 186.28, a price-to-earnings-growth ratio of 11.24 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. Tesla's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Mizuho dropped their price target on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Finally, Baird R W cut shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $303.31.

Tesla Profile

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.