Kepler Cheuvreux Suisse SA Sells 2,351 Shares of Tesla, Inc. $TSLA

Kepler Cheuvreux Suisse SA lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 15.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,211 shares of the electric vehicle producer’s stock after selling 2,351 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Tesla were worth $5,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp lifted its position in shares of Tesla by 0.3% during the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares during the period. Capital World Investors lifted its position in shares of Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the period. Jennison Associates LLC lifted its position in shares of Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Tesla by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer’s stock worth $2,996,118,000 after buying an additional 368,493 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $428.35 on Monday. The stock has a fifty day moving average of $382.66 and a 200-day moving average of $418.37. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 392.98, a price-to-earnings-growth ratio of 16.31 and a beta of 1.79. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 1.25 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 80,213 shares of company stock valued at $30,851,105 over the last three months. Insiders own 19.90% of the company’s stock.

Trending Headlines about Tesla

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Mizuho cut their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Finally, China Renaissance cut their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $398.42.

View Our Latest Research Report on TSLA

About Tesla

(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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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