Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Acquires Shares of 3,430 Tesla, Inc. $TSLA

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,430 shares of the electric vehicle producer’s stock, valued at approximately $1,090,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in Tesla during the second quarter worth approximately $11,839,824,000. Kingstone Capital Partners Texas LLC increased its stake in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after acquiring an additional 6,435,598 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Amundi grew its holdings in shares of Tesla by 29.4% in the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the period. Finally, Caxton Associates LLP acquired a new stake in Tesla during the first quarter worth about $469,339,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 3.4%

TSLA opened at $439.58 on Tuesday. 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, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a market cap of $1.46 trillion, a P/E ratio of 293.05, a PEG ratio of 15.37 and a beta of 1.87. The business’s 50-day simple moving average is $434.86 and its 200-day simple moving average is $373.57.

Tesla (NASDAQ:TSLA) last issued its 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 business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Tesla in a report on Monday, November 17th. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $320.00 to $548.00 in a report on Friday, September 19th. BNP Paribas boosted their price objective on Tesla from $307.00 to $313.00 in a report on Monday, December 1st. UBS Group reaffirmed a “sell” rating on shares of Tesla in a research note on Friday, November 7th. Finally, Mizuho set a $475.00 price objective on Tesla and gave the company an “outperform” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $399.33.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president 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 disclosure for this sale is available in the SEC filing. 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.