Tesla, Inc. (NASDAQ:TSLA) Holdings Reduced by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,049,800 shares of the electric vehicle producer's stock after selling 80,500 shares during the period. Tesla accounts for about 2.1% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 7th largest position. Mn Services Vermogensbeheer B.V.'s holdings in Tesla were worth $272,066,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Tesla during the fourth quarter worth $56,600,000. Focus Financial Network Inc. lifted its stake in Tesla by 3.1% in the 1st 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 in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its holdings in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. bought a new stake in shares of Tesla in the fourth quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. lifted its position in shares of Tesla by 23.0% in the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after buying an additional 60,342 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was 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 now owns 855,394 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 833,509 shares of company stock worth $278,648,925. Insiders own 20.70% of the company's stock.

Tesla Stock Up 1.8%

NASDAQ:TSLA traded up $5.64 during midday trading on Wednesday, reaching $321.99. 94,503,205 shares of the stock traded hands, compared to its average volume of 100,657,930. The stock has a market capitalization of $1.04 trillion, a PE ratio of 176.92, a price-to-earnings-growth ratio of 12.36 and a beta of 2.47. Tesla, Inc. has a 12-month low of $179.66 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The business has a 50-day moving average of $302.42 and a two-hundred day moving average of $332.66.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the business earned $0.45 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent research reports. UBS Group cut their target price on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. HSBC dropped their price objective on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Piper Sandler restated an "overweight" rating and set a $400.00 target price on shares of Tesla in a research report on Tuesday, June 10th. Glj Research reissued a "sell" rating and set a $19.05 price objective (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, Bank of America lowered their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $293.67.

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.