Tesla, Inc. $TSLA is BSN CAPITAL PARTNERS Ltd's 6th Largest Position

Key Points

• BSN CAPITAL PARTNERS Ltd reduced its stake in Tesla, Inc. by 66.7% in the second quarter, now holding 179,000 shares, making it 4.3% of their investment portfolio and the 6th largest position.
• Tesla reported $0.40 earnings per share for the last quarter, missing estimates by $0.03, with revenue down 11.8% compared to the same quarter last year.
• Analysts have set new price targets for Tesla, with UBS Group aiming at $247.00 and TD Cowen raising it to $509.00, while the average target price stands at $354.67.

BSN CAPITAL PARTNERS Ltd decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 66.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,000 shares of the electric vehicle producer's stock after selling 359,000 shares during the period. Tesla accounts for 4.3% of BSN CAPITAL PARTNERS Ltd's investment portfolio, making the stock its 6th biggest holding. BSN CAPITAL PARTNERS Ltd's holdings in Tesla were worth $55,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Means Investment CO. Inc. grew its position in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after acquiring an additional 6,323 shares during the period. Siren L.L.C. bought a new position in shares of Tesla during the 1st quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC grew its position in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after acquiring an additional 826 shares during the period. Keystone Global Partners LLC bought a new position in shares of Tesla during the 1st quarter valued at approximately $594,000. Finally, Strs Ohio bought a new position in shares of Tesla during the 1st quarter valued at approximately $205,495,000. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

NASDAQ TSLA opened at $413.49 on Monday. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. 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 stock has a market capitalization of $1.37 trillion, a PE ratio of 239.01, a P/E/G ratio of 14.92 and a beta of 2.08. The company's 50 day simple moving average is $375.97 and its two-hundred day simple moving average is $328.28.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSLA. HSBC increased their target price on shares of Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. China Renaissance reaffirmed a "hold" rating and issued a $349.00 price objective on shares of Tesla in a report on Friday, July 25th. UBS Group set a $247.00 price objective on shares of Tesla in a report on Monday, October 6th. Stifel Nicolaus set a $483.00 price objective on shares of Tesla and gave the stock a "buy" rating in a report on Wednesday. Finally, TD Cowen raised their price objective on shares of Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $354.67.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock worth $75,588,902 in the last three months. 19.90% of the stock is currently owned by corporate insiders.

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.

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