Mn Services Vermogensbeheer B.V. Increases Stock Holdings in Tesla, Inc. $TSLA

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,120,136 shares of the electric vehicle producer’s stock after buying an additional 21,836 shares during the period. Tesla makes up 3.1% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 8th biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Tesla were worth $503,748,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $26,000. Manning & Napier Advisors LLC purchased a new stake in Tesla in the third quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new stake in Tesla in the 2nd quarter worth approximately $30,000. Turning Point Benefit Group Inc. purchased a new stake in Tesla during the 3rd quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $355.28 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The stock has a 50-day simple moving average of $406.56 and a two-hundred day simple moving average of $428.82. The firm has a market capitalization of $1.33 trillion, a PE ratio of 328.96, a P/E/G ratio of 10.71 and a beta of 1.89. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 87,995 shares of company stock worth $38,315,650. Company insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, January 29th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. BNP Paribas Exane cut their price target on Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Canaccord Genuity Group set a $520.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Finally, New Street Research raised their price objective on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $406.84.

Read Our Latest Stock Analysis on Tesla

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.