DekaBank Deutsche Girozentrale Sells 25,297 Shares of Tesla, Inc. (NASDAQ:TSLA)

DekaBank Deutsche Girozentrale decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,942,721 shares of the electric vehicle producer's stock after selling 25,297 shares during the quarter. Tesla makes up about 0.9% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 16th largest position. DekaBank Deutsche Girozentrale owned approximately 0.06% of Tesla worth $482,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TSLA. Norges Bank acquired a new stake in shares of Tesla in the 4th quarter valued at $14,420,248,000. FMR LLC grew its stake in shares of Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. GAMMA Investing LLC grew its stake in shares of Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after purchasing an additional 9,776,607 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after purchasing an additional 5,719,466 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of Tesla stock traded down $3.02 on Wednesday, hitting $294.79. The stock had a trading volume of 39,588,488 shares, compared to its average volume of 100,595,723. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The business's 50 day moving average is $321.21 and its two-hundred day moving average is $323.29. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $949.51 billion, a price-to-earnings ratio of 162.16, a price-to-earnings-growth ratio of 8.57 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period in the prior year, the company earned $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,564 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $285.71, for a total transaction of $732,560.44. Following the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,692,546.04. This represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 829,509 shares of company stock valued at $277,648,925 over the last ninety days. 20.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TSLA shares. UBS Group set a $290.00 price objective on Tesla in a research note on Monday, June 30th. The Goldman Sachs Group lifted their price objective on Tesla from $285.00 to $315.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Argus reaffirmed a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $301.13.

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.