Mandatum Life Insurance Co Ltd Has $934,000 Position in Tesla, Inc. $TSLA

Mandatum Life Insurance Co Ltd boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,940 shares of the electric vehicle producer's stock after buying an additional 743 shares during the period. Mandatum Life Insurance Co Ltd's holdings in Tesla were worth $934,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TSLA. Cherry Tree Wealth Management LLC increased its position in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank boosted its stake in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC boosted its stake in Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Tesla in the first quarter worth $27,000. Finally, Chelsea Counsel Co. boosted its stake in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 40 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TSLA shares. Wedbush reaffirmed an "outperform" rating and set a $500.00 price target on shares of Tesla in a research note on Monday, September 15th. Robert W. Baird upgraded Tesla from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $320.00 to $548.00 in a report on Friday. Benchmark restated a "buy" rating and issued a $475.00 price target (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. Dbs Bank increased their price objective on Tesla from $300.00 to $450.00 in a report on Wednesday. Finally, Guggenheim reiterated a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $317.70.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,735,080.36. This trade represents a 40.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the sale, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,606 shares of company stock worth $77,360,462. Insiders own 20.70% of the company's stock.

Tesla Price Performance

Tesla stock opened at $426.07 on Friday. The stock's fifty day moving average price is $340.68 and its two-hundred day moving average price is $308.15. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market cap of $1.42 trillion, a PE ratio of 246.28, a price-to-earnings-growth ratio of 14.54 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the business earned $0.52 EPS. Tesla's revenue was down 11.8% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.

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