Unigestion Holding SA Has $2.94 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Unigestion Holding SA grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 141.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,356 shares of the electric vehicle producer's stock after acquiring an additional 6,658 shares during the period. Unigestion Holding SA's holdings in Tesla were worth $2,943,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Wealth Group Ltd. bought a new stake in shares of Tesla during the fourth quarter worth $275,000. Comprehensive Financial Planning Inc. PA acquired a new position in Tesla during the 4th quarter valued at about $1,361,000. Tallon Kerry Patrick bought a new position in shares of Tesla in the 4th quarter valued at about $374,000. Eagle Capital Management LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $331,000. Finally, Brighton Jones LLC raised its stake in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $47.35 on Thursday, reaching $284.70. 280,883,944 shares of the company's stock were exchanged, compared to its average volume of 99,105,021. The company has a fifty day moving average of $291.12 and a 200-day moving average of $334.34. The company has a market capitalization of $917.01 billion, a price-to-earnings ratio of 139.56, a PEG ratio of 5.86 and a beta of 2.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the firm earned $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the sale, the director now owns 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 870,721 shares of company stock valued at $286,248,728 in the last ninety days. 20.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSLA shares. Raymond James cut Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Barclays cut their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and upped their price objective for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Finally, Guggenheim reiterated a "sell" rating and set a $170.00 target price on shares of Tesla in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $293.97.

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.