Union Bancaire Privee UBP SA Has $2.93 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Union Bancaire Privee UBP SA increased its holdings in Tesla, Inc. by 78.7% to own a total of 9,732 shares valued at approximately $2.93 million.
• Goldman Sachs enhanced its position by a significant 322.1%, now owning 26.6 million shares worth around $6.8 billion, reflecting a trend of major institutional investment in Tesla.
• Research analysts have mixed sentiments towards Tesla with a consensus rating of "Hold" and a target price of $337.15, amidst fluctuating earnings reports.

Union Bancaire Privee UBP SA increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 78.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,732 shares of the electric vehicle producer's stock after acquiring an additional 4,286 shares during the period. Union Bancaire Privee UBP SA's holdings in Tesla were worth $2,934,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Goldman Sachs Group Inc. boosted its position in shares of 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 valued at $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. Nuveen LLC bought a new position in Tesla during the 1st quarter valued at $3,247,619,000. Kingstone Capital Partners Texas LLC boosted its holdings in 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 worth $2,044,683,000 after acquiring an additional 6,435,598 shares during the last quarter. Amundi boosted its holdings in Tesla by 29.4% during the 1st 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 last quarter. Finally, Vanguard Group Inc. boosted its holdings in Tesla by 1.5% during the 1st 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TSLA. Stifel Nicolaus set a $440.00 price objective on shares of Tesla in a report on Friday, September 5th. Glj Research reissued a "sell" rating on shares of Tesla in a report on Thursday, July 24th. Bank of America boosted their price objective on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Baird R W upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Finally, Royal Bank Of Canada restated a "buy" rating on shares of Tesla in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $337.15.

Tesla Trading Up 3.3%

Shares of TSLA opened at $459.46 on Thursday. The business's 50-day moving average price is $359.13 and its 200-day moving average price is $318.62. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The stock has a market cap of $1.53 trillion, a PE ratio of 265.58, a P/E/G ratio of 15.46 and a beta of 2.08. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the completion of the transaction, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,735,080.36. This trade represents a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,606 shares of company stock worth $77,360,462. Insiders own 19.90% of the company's stock.

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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