Universal Beteiligungs und Servicegesellschaft mbH Has $511.17 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,972,412 shares of the electric vehicle producer's stock after buying an additional 205,931 shares during the quarter. Tesla accounts for approximately 1.0% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 12th largest holding. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Tesla worth $511,170,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC raised its stake in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank raised its stake in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC raised its stake in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 75 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Tesla in the 1st quarter valued at about $27,000. Finally, True Wealth Design LLC raised its stake in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $27.20 during midday trading on Thursday, reaching $305.36. The company's stock had a trading volume of 140,899,094 shares, compared to its average volume of 108,051,953. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The business's 50 day moving average price is $326.13 and its two-hundred day moving average price is $315.92. The company has a market cap of $983.55 billion, a P/E ratio of 167.78, a P/E/G ratio of 12.61 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm's quarterly revenue was down 11.8% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the transaction, the chief financial officer owned 1,950 shares of the company's stock, valued at approximately $664,989. This represents a 75.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 835,509 shares of company stock valued at $279,420,485. 20.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday. Bank of America lifted their price target on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday. Benchmark reiterated a "buy" rating and set a $475.00 price target (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Finally, Mizuho reduced their price target on Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $299.91.

Tesla 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.