Lbp Am Sa Raises Stock Holdings in Tesla, Inc. $TSLA

Lbp Am Sa raised its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 16.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 256,507 shares of the electric vehicle producer’s stock after purchasing an additional 36,616 shares during the quarter. Tesla comprises about 1.3% of Lbp Am Sa’s investment portfolio, making the stock its 15th biggest position. Lbp Am Sa’s holdings in Tesla were worth $115,356,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSLA. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its position in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC lifted its stake in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC boosted its position in shares of Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after buying an additional 851 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director owned 33,860 shares of the company’s stock, valued at $12,166,913.80. This represents a 43.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a report on Friday, April 3rd. UBS Group upgraded Tesla from a “sell” rating to a “neutral” rating and set a $352.00 target price for the company in a report on Tuesday. Robert W. Baird cut their price target on shares of Tesla from $548.00 to $538.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Friday, March 27th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Tesla in a research note on Monday. Nineteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $398.61.

Check Out Our Latest Analysis on Tesla

Tesla Stock Performance

NASDAQ:TSLA opened at $391.95 on Thursday. Tesla, Inc. has a 12 month low of $222.79 and a 12 month high of $498.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a market capitalization of $1.47 trillion, a PE ratio of 362.92, a price-to-earnings-growth ratio of 11.32 and a beta of 1.91. The business’s fifty day moving average price is $390.09 and its 200 day moving average price is $423.42.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. During the same period in the prior year, the firm posted $0.73 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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