Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 44.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,036 shares of the electric vehicle producer’s stock after purchasing an additional 18,093 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Tesla were worth $15,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. RFG Holdings Inc. grew its holdings in Tesla by 15.7% in the 1st quarter. RFG Holdings Inc. now owns 4,178 shares of the electric vehicle producer’s stock valued at $1,083,000 after buying an additional 566 shares during the period. Thomasville National Bank grew its holdings in Tesla by 34.1% in the 1st quarter. Thomasville National Bank now owns 1,581 shares of the electric vehicle producer’s stock valued at $410,000 after buying an additional 402 shares during the period. Polianta Ltd purchased a new stake in Tesla in the 1st quarter valued at about $1,114,000. Bellecapital International Ltd. grew its holdings in Tesla by 173.2% in the 1st quarter. Bellecapital International Ltd. now owns 4,324 shares of the electric vehicle producer’s stock valued at $1,121,000 after buying an additional 2,741 shares during the period. Finally, McElhenny Sheffield Capital Management LLC grew its holdings in Tesla by 34.0% in the 1st quarter. McElhenny Sheffield Capital Management LLC now owns 2,221 shares of the electric vehicle producer’s stock valued at $576,000 after buying an additional 564 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TSLA. BNP Paribas set a $137.00 price target on Tesla and gave the company an “underperform” rating in a report on Wednesday, April 16th. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. Guggenheim reiterated a “sell” rating and set a $170.00 target price on shares of Tesla in a report on Thursday, April 24th. Royal Bank of Canada decreased their target price on Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, Cfra Research lowered Tesla from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $293.67.

Tesla Trading Down 2.2%

NASDAQ:TSLA opened at $319.11 on Friday. Tesla, Inc. has a 1 year low of $176.92 and a 1 year high of $488.54. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 156.43, a PEG ratio of 5.86 and a beta of 2.47. The business has a fifty day moving average of $297.32 and a 200-day moving average of $332.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the company posted $0.45 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $24,274,300. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 818,509 shares of company stock valued at $273,791,775 over the last three months. Insiders own 20.70% of the company’s stock.

Tesla Company Profile

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.