Banco Bilbao Vizcaya Argentaria S.A. Acquires 62,645 Shares of Tesla, Inc. $TSLA

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Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 225,764 shares of the electric vehicle producer's stock after acquiring an additional 62,645 shares during the period. Tesla makes up about 0.6% of Banco Bilbao Vizcaya Argentaria S.A.'s investment portfolio, making the stock its 29th biggest position. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Tesla were worth $58,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares during the period. Navigoe LLC bought a new position in shares of Tesla during the 4th quarter worth about $37,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares during the period. First PREMIER Bank lifted its holdings in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Tesla during the 4th quarter valued at about $39,000. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 1.4%

Tesla stock opened at $335.16 on Tuesday. The stock has a market capitalization of $1.08 trillion, a PE ratio of 193.73, a price-to-earnings-growth ratio of 11.49 and a beta of 2.33. Tesla, Inc. has a twelve month low of $202.59 and a twelve month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $320.95 and a 200-day moving average of $304.09.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on TSLA. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Argus reissued a "hold" rating on shares of Tesla in a report on Monday, June 9th. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Canaccord Genuity Group lifted 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. Finally, HSBC reissued a "reduce" rating and set a $120.00 price target on shares of Tesla in a report on Thursday, July 3rd. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $303.31.

Insider Activity at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the completion of the transaction, the chief financial officer owned 1,950 shares of the company's stock, valued at $664,989. This trade represents a 75.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 599,724 shares of company stock worth $213,126,501 over the last ninety days. 20.70% of the stock is owned by corporate insiders.

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.

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