Temasek Holdings Private Ltd Has $28.48 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Temasek Holdings has increased its stake in Tesla, Inc. by 23.2% during the first quarter, owning a total of 109,890 shares valued at approximately $28.48 million.
• Tesla's recent quarterly report showed earnings per share of $0.40, missing estimates and marking an 11.8% decline in revenue compared to the previous year.
• Several analysts have issued new ratings for Tesla, with a consensus price target of $303.31, reflecting a mix of "buy," "hold," and "sell" recommendations.

Temasek Holdings Private Ltd increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,890 shares of the electric vehicle producer's stock after buying an additional 20,700 shares during the quarter. Temasek Holdings Private Ltd's holdings in Tesla were worth $28,479,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSLA. Vanguard Group Inc. boosted its holdings in shares of Tesla by 1.5% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Tesla by 322.1% in the 1st 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 purchasing an additional 20,291,139 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Tesla by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,536,519 shares of the electric vehicle producer's stock valued at $9,908,828,000 after purchasing an additional 158,697 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tesla by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after purchasing an additional 849,091 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Tesla by 29.4% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSLA. China Renaissance reaffirmed a "hold" rating and issued a $349.00 target price on shares of Tesla in a report on Friday, July 25th. UBS Group set a $290.00 target price on Tesla in a report on Monday, June 30th. Guggenheim reaffirmed a "sell" rating and issued a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $303.00.

Tesla Trading Up 0.2%

NASDAQ:TSLA traded up $0.82 during trading hours on Wednesday, hitting $347.79. 71,778,279 shares of the company were exchanged, compared to its average volume of 102,793,633. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 201.03, a price-to-earnings-growth ratio of 12.08 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 one year low of $212.11 and a one year high of $488.54. The company has a fifty day simple moving average of $325.50 and a 200 day simple moving average of $302.26.

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

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,606 shares of company stock valued at $49,581,812 in the last three months. Insiders own 20.70% of the company's stock.

Tesla Company 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.