Mn Services Vermogensbeheer B.V. Has $344.31 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Mn Services Vermogensbeheer B.V. has increased its stake in Tesla by 3.2%, acquiring an additional 34,100 shares to reach a total of 1,083,900 shares, which are now valued at approximately $344 million.
• Tesla reported a quarterly earnings miss, with an EPS of $0.40 against analyst expectations of $0.43, and revenue of $22.50 billion, down 11.8% year-over-year.
• A total of 66.20% of Tesla’s stock is owned by institutional investors, indicating strong interest from this segment despite mixed ratings from analysts.

Mn Services Vermogensbeheer B.V. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,083,900 shares of the electric vehicle producer's stock after acquiring an additional 34,100 shares during the period. Tesla makes up approximately 2.4% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 6th largest holding. Mn Services Vermogensbeheer B.V.'s holdings in Tesla were worth $344,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Means Investment CO. Inc. increased its holdings in shares of Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after buying an additional 6,323 shares during the last quarter. Focus Financial Network Inc. increased its position in Tesla by 3.1% in the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares during the last quarter. Siren L.L.C. bought a new position in Tesla during the first quarter valued at $2,332,000. Zuckerman Investment Group LLC lifted its position in shares of Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after buying an additional 826 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new position in Tesla in the 1st quarter worth approximately $594,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA stock traded up $12.32 during midday trading on Monday, reaching $438.39. 49,351,417 shares of the company's stock traded hands, compared to its average volume of 103,093,938. The stock's 50-day moving average is $340.68 and its 200 day moving average is $308.67. The stock has a market cap of $1.46 trillion, a P/E ratio of 254.57, a PEG ratio of 14.86 and a beta of 2.06. 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 52-week low of $212.11 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock worth $77,360,462 in the last 90 days. Corporate insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. HSBC reiterated a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday, July 3rd. Dbs Bank raised their target price on Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Morgan Stanley restated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research report on Friday, September 5th. Bank of America boosted their target price on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Canaccord Genuity Group increased their target price on Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have issued a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $324.53.

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.