Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 54.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,464,765 shares of the electric vehicle producer's stock after purchasing an additional 2,978,026 shares during the quarter. Tesla makes up approximately 3.7% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 5th largest holding. Assenagon Asset Management S.A. owned approximately 0.26% of Tesla worth $2,193,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vista Finance LLC raised its holdings in Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares in the last quarter. Jmac Enterprises LLC boosted its position in Tesla by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares in the last quarter. TFB Advisors LLC increased its stake in shares of Tesla by 0.5% in the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after buying an additional 27 shares during the period. Vista Capital Partners Inc. raised its stake in shares of 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 acquiring an additional 27 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its holdings in Tesla by 1.3% in 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 acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TSLA shares. Barclays cut their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. HSBC dropped their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research report on Thursday, March 27th. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Cantor Fitzgerald decreased their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group reduced their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $293.67.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,564 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $285.71, for a total value of $732,560.44. Following the transaction, the chief financial officer now directly owns 5,924 shares in the company, valued at approximately $1,692,546.04. This represents a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the sale, the director now owns 85,000 shares in the company, valued at $24,274,300. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

TSLA traded down $0.93 on Thursday, reaching $325.50. The stock had a trading volume of 60,210,880 shares, compared to its average volume of 100,514,169. Tesla, Inc. has a 12-month low of $169.80 and a 12-month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.05 trillion, a P/E ratio of 159.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The business's 50-day moving average price is $295.60 and its two-hundred day moving average price is $333.11.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the previous year, the business earned $0.45 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.