Banco de Sabadell S.A acquired a new stake in shares of Tesla Inc (NASDAQ:TSLA) in the second quarter, Holdings Channel.com reports. The firm acquired 245 shares of the electric vehicle producer’s stock, valued at approximately $55,000.
Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. SG Americas Securities LLC increased its stake in Tesla by 1,892.8% in the second quarter. SG Americas Securities LLC now owns 736,962 shares of the electric vehicle producer’s stock valued at $164,682,000 after acquiring an additional 699,981 shares during the period. Nikko Asset Management Americas Inc. increased its stake in Tesla by 249.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 656,695 shares of the electric vehicle producer’s stock valued at $146,745,000 after acquiring an additional 468,884 shares during the period. ARK Investment Management LLC increased its stake in Tesla by 54.3% in the second quarter. ARK Investment Management LLC now owns 1,163,182 shares of the electric vehicle producer’s stock valued at $259,925,000 after acquiring an additional 409,332 shares during the period. Soma Equity Partners LP bought a new stake in Tesla in the first quarter valued at about $55,972,000. Finally, Baillie Gifford & Co. increased its stake in Tesla by 1.2% in the second quarter. Baillie Gifford & Co. now owns 13,409,732 shares of the electric vehicle producer’s stock valued at $2,996,539,000 after acquiring an additional 165,206 shares during the period. 54.44% of the stock is owned by institutional investors and hedge funds.
In other Tesla news, Director Robyn M. Denholm acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $232.72 per share, for a total transaction of $232,720.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $232,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $255.68, for a total transaction of $38,352.00. Following the completion of the transaction, the chief financial officer now owns 9,962 shares in the company, valued at $2,547,084.16. The disclosure for this sale can be found here. Insiders sold 30,300 shares of company stock worth $6,881,352 over the last 90 days. 24.40% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. Sanford C. Bernstein set a $325.00 target price on shares of Tesla and gave the company a “hold” rating in a research note on Wednesday, August 21st. Nord/LB reaffirmed a “sell” rating and set a $200.00 price objective on shares of Tesla in a research note on Thursday, July 25th. ValuEngine raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Cfra cut shares of Tesla to a “sell” rating and set a $135.00 price objective on the stock. in a research note on Friday, July 26th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $158.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Eighteen equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Tesla has an average rating of “Hold” and a consensus price target of $269.53.
Shares of NASDAQ TSLA opened at $245.87 on Friday. The company’s 50 day simple moving average is $227.96 and its 200 day simple moving average is $241.79. Tesla Inc has a fifty-two week low of $176.99 and a fifty-two week high of $379.49. The firm has a market capitalization of $44.04 billion, a P/E ratio of -42.98 and a beta of 0.54. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.06 and a quick ratio of 0.71.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by ($0.76). Tesla had a negative net margin of 2.64% and a negative return on equity of 11.42%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the company earned ($3.06) earnings per share. The company’s quarterly revenue was up 58.7% on a year-over-year basis. Sell-side analysts expect that Tesla Inc will post -7.51 EPS for the current fiscal year.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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