Tesla, Inc. $TSLA Shares Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs increased its stake in Tesla by 1.1%, now owning 107,559 shares worth approximately $34.17 million, making Tesla its 9th largest holding.
• Other notable hedge fund activities include Goldman Sachs boosting its holdings in Tesla by 322.1%, now owning over 26.5 million shares valued at around $6.89 billion.
• Tesla's stock is currently trading at $433.72, down 3.4%, with a market cap of $1.44 trillion and a P/E ratio of 289.15.

AG2R LA Mondiale Gestion D Actifs raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,559 shares of the electric vehicle producer's stock after buying an additional 1,184 shares during the quarter. Tesla comprises 1.8% of AG2R LA Mondiale Gestion D Actifs' portfolio, making the stock its 9th largest position. AG2R LA Mondiale Gestion D Actifs' holdings in Tesla were worth $34,167,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares during the period. Nuveen LLC acquired a new position in shares of Tesla in the 1st quarter valued at about $3,247,619,000. Kingstone Capital Partners Texas LLC grew its position in shares of Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after buying an additional 6,435,598 shares during the last quarter. Amundi raised its stake in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Tesla by 1.5% in the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after acquiring an additional 3,694,524 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 3.4%

Tesla stock opened at $433.72 on Friday. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54. The stock has a market cap of $1.44 trillion, a price-to-earnings ratio of 289.15, a PEG ratio of 16.13 and a beta of 2.08. The company's 50-day moving average price is $398.06 and its two-hundred day moving average price is $339.92. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same period last year, the firm posted $0.72 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In other news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSLA. Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Wall Street Zen upgraded Tesla from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler raised their target price on Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Monday, October 13th. Finally, Roth Capital set a $505.00 price objective on shares of Tesla and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $380.03.

About Tesla

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.