Generali Asset Management SPA SGR Has $72.95 Million Stock Holdings in Tesla, Inc. $TSLA

Generali Asset Management SPA SGR grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 229,660 shares of the electric vehicle producer's stock after acquiring an additional 1,611 shares during the quarter. Tesla comprises approximately 1.7% of Generali Asset Management SPA SGR's holdings, making the stock its 8th largest holding. Generali Asset Management SPA SGR's holdings in Tesla were worth $72,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. First Merchants Corp increased its holdings in Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after buying an additional 31 shares during the period. KWB Wealth increased its stake in shares of Tesla by 2.4% in the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after acquiring an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. increased its stake in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after acquiring an additional 34 shares during the period. Guyasuta Investment Advisors Inc. grew its position in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock worth $1,622,000 after purchasing an additional 34 shares during the period. Finally, Acorn Creek Capital LLC grew its position in Tesla by 1.6% during the 2nd quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer's stock worth $697,000 after purchasing an additional 34 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 1.4%

TSLA stock opened at $435.15 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The stock has a market cap of $1.45 trillion, a price-to-earnings ratio of 251.53, a PEG ratio of 15.47 and a beta of 2.08. The business's 50-day moving average is $383.21 and its 200 day moving average is $330.90.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. China Renaissance reaffirmed a "hold" rating and set a $349.00 price objective on shares of Tesla in a research note on Friday, July 25th. Stifel Nicolaus set a $483.00 target price on Tesla and gave the company a "buy" rating in a research report on Wednesday, October 8th. Finally, TD Cowen raised their target price on Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $363.03.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is 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.

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