Delta Lloyd Asset Management N.V. bought a new stake in Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,994 shares of the electric vehicle producer’s stock, valued at approximately $22,418,000.

A number of other large investors also recently modified their holdings of TSLA. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Tesla by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after buying an additional 9 shares in the last quarter. Clarius Group LLC boosted its stake in shares of Tesla by 0.3% in the first quarter. Clarius Group LLC now owns 4,625 shares of the electric vehicle producer’s stock valued at $1,287,000 after buying an additional 16 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in shares of Tesla by 2.6% in the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock valued at $282,000 after buying an additional 20 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in shares of Tesla by 1.7% in the second quarter. WASHINGTON TRUST Co now owns 1,178 shares of the electric vehicle producer’s stock valued at $426,000 after buying an additional 20 shares in the last quarter. Institutional investors own 56.67% of the company’s stock.

Tesla Inc. (TSLA) traded up 0.75% during midday trading on Thursday, reaching $355.82. 1,890,508 shares of the company’s stock traded hands. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The company’s market capitalization is $59.38 billion. The firm’s 50-day moving average is $340.43 and its 200-day moving average is $314.17.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. Tesla’s quarterly revenue was up 119.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.06) EPS. Analysts forecast that Tesla Inc. will post ($6.18) earnings per share for the current year.

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TSLA has been the topic of several analyst reports. UBS AG reiterated a “sell” rating and set a $160.00 price target on shares of Tesla in a research note on Wednesday, May 3rd. Argus reiterated a “hold” rating on shares of Tesla in a research note on Thursday, May 11th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 price target on the stock in a research note on Wednesday, May 17th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $310.84.

In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the transaction, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total value of $703,778.40. Following the completion of the transaction, the director now owns 160,274 shares of the company’s stock, valued at approximately $51,505,652.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,657 shares of company stock valued at $17,668,497. 23.10% of the stock is owned by company insiders.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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