Swiss National Bank Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Swiss National Bank grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,148,475 shares of the electric vehicle producer's stock after buying an additional 26,100 shares during the quarter. Tesla makes up 1.5% of Swiss National Bank's portfolio, making the stock its 8th largest position. Swiss National Bank owned about 0.25% of Tesla worth $2,111,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC acquired a new position in shares of Tesla during the 4th quarter worth approximately $331,000. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares in the last quarter. 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 worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in Tesla in the 4th quarter valued at approximately $346,000. Finally, Highview Capital Management LLC DE bought a new position in Tesla in the 4th quarter valued at approximately $2,367,000. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. UBS Group set a $290.00 target price on shares of Tesla in a research note on Monday, June 30th. HSBC reissued a "reduce" rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Finally, China Renaissance reissued a "hold" rating and set a $349.00 target price on shares of Tesla in a research note on Friday, July 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $303.31.

Tesla Stock Up 0.7%

TSLA opened at $322.27 on Friday. 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 company's 50-day moving average is $319.07 and its 200 day moving average is $308.84. Tesla, Inc. has a fifty-two week low of $192.04 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 186.28, a PEG ratio of 11.24 and a beta of 2.33.

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

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $341.02, for a total value of $2,046,120.00. Following the sale, the chief financial officer owned 1,950 shares of the company's stock, valued at approximately $664,989. The trade was a 75.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director directly owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 602,724 shares of company stock valued at $214,176,831 over the last ninety days. Company insiders own 20.70% of the company's stock.

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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