Czech National Bank Has $244.49 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Czech National Bank increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 605,404 shares of the electric vehicle producer’s stock after buying an additional 40,134 shares during the period. Tesla makes up 2.3% of Czech National Bank’s holdings, making the stock its 6th biggest holding. Czech National Bank’s holdings in Tesla were worth $244,486,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TSLA. Oppenheimer Asset Management Inc. raised its position in shares of Tesla by 112.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,857 shares of the electric vehicle producer’s stock worth $7,095,000 after acquiring an additional 18,953 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Tesla by 20.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,101,923 shares of the electric vehicle producer’s stock valued at $218,048,000 after buying an additional 185,335 shares during the last quarter. Inspire Advisors LLC boosted its holdings in shares of Tesla by 23.4% in the 2nd quarter. Inspire Advisors LLC now owns 2,012 shares of the electric vehicle producer’s stock valued at $398,000 after buying an additional 382 shares in the last quarter. Williams Financial LLC purchased a new position in shares of Tesla in the 2nd quarter worth approximately $2,867,000. Finally, Seven Mile Advisory raised its stake in shares of Tesla by 23.6% during the 2nd quarter. Seven Mile Advisory now owns 2,557 shares of the electric vehicle producer’s stock worth $506,000 after acquiring an additional 489 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 621,886 shares of company stock valued at $213,451,751. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 0.1 %

Tesla stock opened at $394.74 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market capitalization of $1.27 trillion, a PE ratio of 108.15, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The business has a 50 day simple moving average of $376.60 and a 200-day simple moving average of $281.84. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSLA shares. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. Truist Financial reiterated a “hold” rating and issued a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Cantor Fitzgerald increased their price objective on shares of Tesla from $255.00 to $365.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $296.60.

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.