Banque Cantonale Vaudoise Invests $12.36 Million in Tesla, Inc. (NASDAQ:TSLA)

Key Points

• Banque Cantonale Vaudoise has acquired 47,693 shares of Tesla, valued at approximately $12.36 million, making it the bank's 26th largest holding, representing 0.5% of its investment portfolio.
• Analysts expect Tesla to report 2.56 EPS for the current fiscal year, following a recent quarterly earnings report that missed estimates with a net margin of 6.54% and a revenue decline of 11.8% year-over-year.
• Insider trading activity has seen significant sales, with CFO Vaibhav Taneja and Director Kimbal Musk selling a total of over $34 million in shares, leading to a decrease in their ownership stakes in the company.

Banque Cantonale Vaudoise purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,693 shares of the electric vehicle producer's stock, valued at approximately $12,361,000. Tesla makes up approximately 0.5% of Banque Cantonale Vaudoise's holdings, making the stock its 26th largest position.

Other institutional investors also recently modified their holdings of the company. Eagle Capital Management LLC acquired a new stake in Tesla during the 4th quarter valued at $331,000. Brighton Jones LLC raised its stake in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its stake in Tesla by 21.2% during the 4th 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 during the period. Mascagni Wealth Management Inc. acquired a new stake in Tesla during the 4th quarter valued at $346,000. Finally, Highview Capital Management LLC DE purchased a new position in shares of Tesla during the 4th quarter valued at $2,367,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 719,119 shares of company stock worth $246,186,549. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded down $5.53 during midday trading on Friday, reaching $302.74. The stock had a trading volume of 78,471,886 shares, compared to its average volume of 107,820,586. The firm has a 50 day simple moving average of $322.96 and a 200-day simple moving average of $312.48. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54. The firm has a market cap of $976.47 billion, a PE ratio of 174.82, a P/E/G ratio of 11.21 and a beta of 2.39. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same period last year, the business earned $0.52 EPS. The business's revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several research analyst reports. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Guggenheim restated a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. The Goldman Sachs Group decreased their price objective on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Stifel Nicolaus set a $450.00 price objective on shares of Tesla and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Argus reiterated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued 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.com, Tesla currently 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.