Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in Tesla, Inc. $TSLA

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,851,110 shares of the electric vehicle producer’s stock after selling 121,302 shares during the period. Tesla comprises about 1.0% of Universal Beteiligungs und Servicegesellschaft mbH’s holdings, making the stock its 12th largest position. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Tesla worth $588,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. lifted its stake in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Tesla in the 2nd quarter valued at $29,000. Evergreen Private Wealth LLC boosted its stake in Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the period. Glynn Capital Management LLC purchased a new position in Tesla during the 2nd quarter worth $35,000. Finally, Pacific Center for Financial Services increased its stake in Tesla by 44.7% in the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. President Capital raised their price target on Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Barclays reiterated a “negative” rating and issued a $350.00 target price (up from $275.00) on shares of Tesla in a research note on Thursday, October 16th. JPMorgan Chase & Co. upped their price target on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, TD Cowen boosted their price objective on shares of Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $393.61.

Tesla Price Performance

Tesla stock opened at $404.35 on Friday. The company has a market cap of $1.34 trillion, a P/E ratio of 269.57, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The business has a fifty day moving average of $429.67 and a two-hundred day moving average of $360.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

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 analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction 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 sale, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate 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.