BDF Gestion Has $13.04 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

BDF Gestion decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,312 shares of the electric vehicle producer's stock after selling 3,500 shares during the period. Tesla makes up approximately 1.4% of BDF Gestion's holdings, making the stock its 12th largest position. BDF Gestion's holdings in Tesla were worth $13,039,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vista Finance LLC boosted its holdings in Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after purchasing an additional 25 shares in the last quarter. Jmac Enterprises LLC lifted its stake in shares of Tesla by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after purchasing an additional 26 shares during the period. TFB Advisors LLC lifted its position in shares of Tesla by 0.5% during the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after acquiring an additional 27 shares during the period. Vista Capital Partners Inc. boosted its stake in shares of Tesla by 1.4% during the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after acquiring an additional 27 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its holdings in shares of Tesla by 1.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Truist Financial set a $280.00 price objective on shares of Tesla in a research report on Tuesday, April 22nd. Piper Sandler restated an "overweight" rating and set a $400.00 target price on shares of Tesla in a report on Tuesday, June 10th. UBS Group lowered their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank Of Canada decreased their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $293.67.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $5.70 on Thursday, hitting $322.05. The company's stock had a trading volume of 94,677,402 shares, compared to its average volume of 100,787,054. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 176.95, a price-to-earnings-growth ratio of 11.88 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a 12 month low of $179.66 and a 12 month high of $488.54. The stock's 50-day moving average is $303.42 and its two-hundred day moving average is $332.59.

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

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,564 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the transaction, the chief financial officer now owns 5,924 shares of the company's stock, valued at approximately $1,692,546.04. This represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president now owns 67,600 shares of the company's stock, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock worth $278,648,925 over the last quarter. 20.70% of the stock is currently owned by company insiders.

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.