Tesla Inc (TSLA) Position Lifted by Slow Capital Inc.

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Slow Capital Inc. increased its stake in Tesla Inc (NASDAQ:TSLA) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,534 shares of the electric vehicle producer’s stock after purchasing an additional 872 shares during the period. Slow Capital Inc.’s holdings in Tesla were worth $2,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Advisors Asset Management Inc. boosted its stake in Tesla by 257.7% in the second quarter. Advisors Asset Management Inc. now owns 3,230 shares of the electric vehicle producer’s stock valued at $1,108,000 after buying an additional 2,327 shares in the last quarter. Neumann Advisory Hong Kong Ltd boosted its stake in Tesla by 200.0% in the third quarter. Neumann Advisory Hong Kong Ltd now owns 12,000 shares of the electric vehicle producer’s stock valued at $3,177,000 after buying an additional 8,000 shares in the last quarter. We Are One Seven LLC acquired a new stake in Tesla in the third quarter valued at about $443,000. ACG Wealth boosted its stake in Tesla by 31.2% in the third quarter. ACG Wealth now owns 1,878 shares of the electric vehicle producer’s stock valued at $497,000 after buying an additional 447 shares in the last quarter. Finally, Daiwa SB Investments Ltd. boosted its stake in Tesla by 68.5% in the third quarter. Daiwa SB Investments Ltd. now owns 17,957 shares of the electric vehicle producer’s stock valued at $4,754,000 after buying an additional 7,300 shares in the last quarter. Institutional investors own 57.54% of the company’s stock.

Several analysts recently weighed in on the company. Canaccord Genuity raised their price objective on Tesla from $323.00 to $330.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Tesla from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Thursday. JMP Securities reduced their price objective on Tesla from $408.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group set a $450.00 price objective on Tesla and gave the company a “buy” rating in a research note on Thursday. Finally, Goldman Sachs Group set a $210.00 price objective on Tesla and gave the company a “sell” rating in a research note on Thursday. Thirteen analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $324.21.

Shares of TSLA traded down $1.75 during mid-day trading on Thursday, reaching $307.02. 4,856,234 shares of the company were exchanged, compared to its average volume of 7,590,183. Tesla Inc has a 52 week low of $244.59 and a 52 week high of $387.46. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.81 and a quick ratio of 0.47. The company has a market capitalization of $51.08 billion, a price-to-earnings ratio of -26.74, a price-to-earnings-growth ratio of 4.55 and a beta of 0.57.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the company earned ($3.04) earnings per share. The firm’s revenue was up 119.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tesla Inc will post -5.21 EPS for the current year.

In other Tesla news, CFO Deepak Ahuja sold 3,500 shares of Tesla stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $343.46, for a total value of $1,202,110.00. Following the completion of the sale, the chief financial officer now directly owns 27,965 shares in the company, valued at $9,604,858.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $340.68, for a total value of $1,022,040.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at $1,022,040. The disclosure for this sale can be found here. Insiders have sold 95,370 shares of company stock valued at $31,345,578 over the last 90 days. 22.80% of the stock is owned by corporate insiders.

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Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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