106,375 Shares in Tesla, Inc. $TSLA Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 106,375 shares of Tesla, valued at approximately $27.57 million, making it the 9th largest holding in their portfolio.
• In recent months, several institutional investors, including Cherry Tree Wealth Management and First PREMIER Bank, have significantly increased their stakes in Tesla.
• Tesla's stock has seen an average rating of "Hold" from analysts, with a consensus target price of $303.00, as several firms have adjusted their price targets for the stock.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 106,375 shares of the electric vehicle producer's stock, valued at approximately $27,568,000. Tesla accounts for 1.6% of AG2R LA Mondiale Gestion D Actifs' portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Goldman Sachs Group Inc. increased its stake in shares of Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Nuveen LLC acquired a new position in shares of Tesla during the first quarter worth about $3,247,619,000. GAMMA Investing LLC increased its stake in shares of Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after acquiring an additional 9,776,607 shares during the period. Amundi increased its stake in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. Stifel Nicolaus set a $440.00 price target on shares of Tesla in a report on Friday, September 5th. Canaccord Genuity Group upped their price target on shares of Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a report on Thursday, July 24th. China Renaissance reaffirmed a "hold" rating and issued a $349.00 price target on shares of Tesla in a report on Friday, July 25th. Benchmark reissued a "buy" rating and set a $475.00 price objective (up previously from $350.00) on shares of Tesla in a research note on Thursday, June 26th. Finally, Baird R W downgraded shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $303.00.

Tesla Trading Up 7.4%

Shares of Tesla stock traded up $27.13 during trading hours on Friday, hitting $395.94. The company's stock had a trading volume of 167,593,971 shares, compared to its average volume of 71,704,616. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54. The business has a fifty day moving average of $328.89 and a 200 day moving average of $303.57. The company has a market capitalization of $1.28 trillion, a PE ratio of 228.87, a P/E/G ratio of 12.87 and a beta of 2.06. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

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

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer directly owned 5,924 shares in the company, valued at approximately $1,735,080.36. The trade was a 40.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,606 shares of company stock worth $51,999,662. 20.70% of the stock is currently owned by insiders.

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.