AEGON ASSET MANAGEMENT UK Plc Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

AEGON ASSET MANAGEMENT UK Plc raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,665 shares of the electric vehicle producer's stock after acquiring an additional 17,414 shares during the quarter. Tesla makes up 0.9% of AEGON ASSET MANAGEMENT UK Plc's investment portfolio, making the stock its 29th largest position. AEGON ASSET MANAGEMENT UK Plc's holdings in Tesla were worth $61,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vista Finance LLC grew its holdings in shares of Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after acquiring an additional 25 shares during the period. Jmac Enterprises LLC boosted its position in shares of Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after purchasing an additional 26 shares in the last quarter. TFB Advisors LLC raised its holdings in Tesla by 0.5% in the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock worth $2,105,000 after purchasing an additional 27 shares in the last quarter. Vista Capital Partners Inc. lifted its position in Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after buying an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC lifted its position in Tesla by 1.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock valued at $875,000 after buying an additional 27 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. The trade was a 9.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 866,393 shares of company stock worth $284,570,654 over the last quarter. Insiders own 20.70% of the company's stock.

Tesla Stock Down 3.5%

NASDAQ TSLA traded down $12.22 during trading on Wednesday, reaching $332.05. 97,758,015 shares of the company's stock traded hands, compared to its average volume of 98,217,778. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $1.07 trillion, a price-to-earnings ratio of 162.77, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The company's 50 day simple moving average is $289.75 and its two-hundred day simple moving average is $334.35.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the business posted $0.45 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSLA shares. Royal Bank of Canada dropped their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and boosted their price target for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Benchmark restated a "buy" rating and issued a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Guggenheim reiterated a "sell" rating and set a $170.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Finally, HSBC cut their target price on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $293.97.

Tesla Company 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.