Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by ING Groep NV

ING Groep NV boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 119.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 484,030 shares of the electric vehicle producer’s stock after acquiring an additional 263,837 shares during the period. Tesla comprises approximately 1.3% of ING Groep NV’s investment portfolio, making the stock its 15th largest position. ING Groep NV’s holdings in Tesla were worth $195,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB boosted its stake in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after acquiring an additional 29,669 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Tesla by 34.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer’s stock valued at $1,087,000 after purchasing an additional 1,059 shares in the last quarter. Osborne Partners Capital Management LLC bought a new position in shares of Tesla during the third quarter worth about $229,000. NorthCrest Asset Manangement LLC grew its stake in Tesla by 6.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,765 shares of the electric vehicle producer’s stock worth $2,293,000 after purchasing an additional 536 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in Tesla by 28.1% in the third quarter. GHP Investment Advisors Inc. now owns 990 shares of the electric vehicle producer’s stock valued at $259,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 4.7 %

Shares of TSLA stock opened at $337.80 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market cap of $1.09 trillion, a PE ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The business’s fifty day moving average is $400.17 and its 200-day moving average is $314.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Robert W. Baird decreased their price objective on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. UBS Group lifted their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a report on Thursday, January 30th. Finally, Mizuho reiterated an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $319.57.

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.