Tesla, Inc. $TSLA Stake Boosted by Infusive Asset Management Inc.

Key Points

• Infusive Asset Management Inc. increased its stake in Tesla by 107.5% during the first quarter, now holding 39,500 shares valued at approximately $10.24 million.
• Other institutional investors, including Goldman Sachs and Vanguard Group, also boosted their positions in Tesla, with Goldman Sachs increasing its shares by 322.1%.
• Insider transactions included Tesla's CFO selling 4,000 shares for around $1.17 million, reflecting a 40.31% decrease in their ownership position.

Infusive Asset Management Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 107.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,500 shares of the electric vehicle producer's stock after buying an additional 20,465 shares during the period. Tesla makes up 4.7% of Infusive Asset Management Inc.'s holdings, making the stock its 7th biggest position. Infusive Asset Management Inc.'s holdings in Tesla were worth $10,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Tesla by 1.5% during 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 purchasing an additional 3,694,524 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Tesla by 322.1% during 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 buying an additional 20,291,139 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tesla by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,536,519 shares of the electric vehicle producer's stock worth $9,908,828,000 after buying an additional 158,697 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Tesla by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock worth $4,710,218,000 after buying an additional 849,091 shares during the period. Finally, Amundi boosted 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 buying an additional 3,814,610 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the transaction, the chief financial officer owned 5,924 shares of the company's stock, valued at approximately $1,735,080.36. The trade was a 40.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company's stock, valued at $244,162,988.99. The trade was a 14.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,564 shares of company stock valued at $49,396,070. 20.70% of the stock is owned by insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $338.53 on Friday. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 195.68, a PEG ratio of 11.66 and a beta of 2.06. Tesla, Inc. has a one year low of $210.51 and a one year high of $488.54. The company's fifty day moving average is $323.45 and its two-hundred day moving average is $302.67. 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 (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 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 company had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Tesla's revenue for the quarter was down 11.8% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TSLA. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Wedbush reissued an "outperform" rating and set a $500.00 price objective on shares of Tesla in a report on Monday, August 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Mizuho cut their target price on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Finally, William Blair lowered shares of Tesla from an "outperform" rating to a "market perform" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $303.31.

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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