AMF Tjanstepension AB Has $154.23 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

AMF Tjanstepension AB grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 595,127 shares of the electric vehicle producer's stock after purchasing an additional 17,686 shares during the quarter. Tesla comprises approximately 1.1% of AMF Tjanstepension AB's investment portfolio, making the stock its 23rd biggest position. AMF Tjanstepension AB's holdings in Tesla were worth $154,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Eagle Capital Management LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $331,000. Brighton Jones LLC boosted its stake 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 valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Tesla by 21.2% in 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 buying an additional 931 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of Tesla in the fourth quarter valued at approximately $346,000. Finally, Highview Capital Management LLC DE acquired a new stake in shares of Tesla in the 4th quarter valued at $2,367,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. UBS Group set a $290.00 target price on Tesla in a report on Monday, June 30th. HSBC reaffirmed a "reduce" rating and issued a $120.00 target price on shares of Tesla in a report on Thursday, July 3rd. Mizuho reduced their target price on Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Finally, Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $303.31.

Tesla Stock Performance

Shares of Tesla stock opened at $322.27 on Friday. 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 business has a 50-day moving average price of $319.07 and a two-hundred day moving average price of $308.84. Tesla, Inc. has a 1-year low of $192.04 and a 1-year high of $488.54. The company has a market cap of $1.04 trillion, a P/E ratio of 186.28, a PEG ratio of 11.24 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share 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 business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business's revenue was down 11.8% on a year-over-year basis. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the 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 directly owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 602,724 shares of company stock valued at $214,176,831. 20.70% of the stock is currently owned by insiders.

About Tesla

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.

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