Tesla, Inc. $TSLA Shares Acquired by Nan Shan Life Insurance Co. Ltd.

Key Points

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Nan Shan Life Insurance Co. Ltd. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 871.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,839 shares of the electric vehicle producer's stock after purchasing an additional 63,545 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Tesla were worth $18,359,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC acquired a new stake in shares of Tesla in the fourth quarter worth $331,000. Brighton Jones LLC increased its position in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of Tesla in the fourth quarter worth $346,000. Finally, Highview Capital Management LLC DE acquired a new stake in shares of Tesla in the fourth quarter worth $2,367,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Trading Up 1.4%

Shares of TSLA stock opened at $335.16 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a 1 year low of $202.59 and a 1 year high of $488.54. The stock has a fifty day moving average of $320.95 and a two-hundred day moving average of $304.09. The firm has a market capitalization of $1.08 trillion, a PE ratio of 193.73, a price-to-earnings-growth ratio of 11.49 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter last year, the firm posted $0.52 EPS. The company's revenue was down 11.8% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. UBS Group set a $290.00 price target on Tesla in a research report on Monday, June 30th. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Canaccord Genuity Group boosted their price target on Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research report on Sunday. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $303.31.

Insiders Place Their Bets

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 599,724 shares of company stock worth $213,126,501. Insiders own 20.70% of the company's stock.

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.

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