DJE Kapital AG Has $10.16 Million Stock Holdings in Tesla, Inc. $TSLA

DJE Kapital AG raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 84.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 31,620 shares of the electric vehicle producer’s stock after acquiring an additional 14,520 shares during the quarter. DJE Kapital AG’s holdings in Tesla were worth $10,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Siren L.L.C. purchased a new stake in shares of Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC lifted its stake in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after purchasing an additional 826 shares during the last quarter. Keystone Global Partners LLC purchased a new stake in Tesla during the first quarter valued at about $594,000. Strs Ohio bought a new position in shares of Tesla during the first quarter valued at about $205,495,000. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after buying an additional 64,772 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen raised their price target on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Daiwa Capital Markets reissued a “neutral” rating on shares of Tesla in a research report on Sunday, July 27th. Finally, President Capital boosted their price objective on shares of Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $391.08.

Tesla Stock Down 3.7%

Shares of NASDAQ TSLA opened at $429.52 on Friday. The firm has a fifty day simple moving average of $420.97 and a two-hundred day simple moving average of $355.54. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.43 trillion, a PE ratio of 286.35, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company’s stock.

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.