Generali Investments Towarzystwo Funduszy Inwestycyjnych Has $3.19 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,300 shares of the electric vehicle producer's stock after purchasing an additional 1,646 shares during the period. Tesla accounts for about 2.0% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 13th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Tesla were worth $3,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Eagle Capital Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $331,000. Brighton Jones LLC increased 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 position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Tesla during the 4th quarter valued at about $346,000. Finally, Highview Capital Management LLC DE bought a new stake in shares of Tesla during the 4th quarter valued at about $2,367,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 1.8%

TSLA stock opened at $302.63 on Friday. 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 firm has a market capitalization of $976.12 billion, a PE ratio of 174.93, a P/E/G ratio of 10.63 and a beta of 2.33. The stock's 50 day moving average is $322.22 and its 200-day moving average is $311.03. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the 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 sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 719,119 shares of company stock valued at $246,186,549. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLA shares. The Goldman Sachs Group cut their target price on Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Raymond James Financial lowered Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada restated an "overweight" rating on shares of Tesla in a research report on Tuesday. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $303.31.

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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