Privium Fund Management B.V. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,000 shares of the electric vehicle producer's stock after purchasing an additional 22,000 shares during the quarter. Tesla accounts for approximately 16.1% of Privium Fund Management B.V.'s holdings, making the stock its 2nd biggest position. Privium Fund Management B.V.'s holdings in Tesla were worth $74,670,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Goldman Sachs Group Inc. lifted its stake in shares of Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after buying an additional 20,291,139 shares during the period. Nuveen LLC bought a new stake in shares of Tesla in the 1st quarter worth approximately $3,247,619,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock worth $2,044,683,000 after acquiring an additional 6,435,598 shares during the period. Amundi increased its position in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Tesla Price Performance
Shares of TSLA stock opened at $447.43 on Tuesday. Tesla, Inc. has a 52 week low of $212.11 and a 52 week high of $488.54. The stock has a market capitalization of $1.49 trillion, a PE ratio of 258.63, a PEG ratio of 15.79 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock's fifty day moving average is $389.71 and its 200-day moving average is $335.51.
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 the consensus estimate 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 analyst estimates of $23.18 billion. During the same quarter last year, the company earned $0.52 EPS. The firm's quarterly revenue was down 11.8% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Insider Activity
In other news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction 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 sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 over the last three months. 19.90% of the stock is owned by insiders.
Analysts Set New Price Targets
TSLA has been the topic of a number of recent research reports. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price on shares of Tesla from $395.00 to $425.00 and gave the company a "neutral" rating in a research report on Friday, October 3rd. William Blair reissued a "market perform" rating on shares of Tesla in a research note on Friday, September 5th. Industrial Alliance Securities set a $300.00 price target on shares of Tesla in a research note on Monday, October 13th. Finally, China Renaissance reaffirmed a "hold" rating and set a $349.00 price objective on shares of Tesla in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $363.54.
Read Our Latest Analysis on TSLA
About Tesla
(
Free Report)
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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