B. Metzler seel. Sohn & Co. AG Acquires 8,491 Shares of Tesla, Inc. $TSLA

B. Metzler seel. Sohn & Co. AG increased its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 174,796 shares of the electric vehicle producer’s stock after purchasing an additional 8,491 shares during the period. Tesla makes up about 0.7% of B. Metzler seel. Sohn & Co. AG’s portfolio, making the stock its 29th biggest position. B. Metzler seel. Sohn & Co. AG’s holdings in Tesla were worth $77,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla in the third quarter worth $29,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 2nd quarter valued at about $30,000. ESL Trust Services LLC grew its position in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Tesla during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Trading Down 2.2%

NASDAQ:TSLA opened at $396.73 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 367.34, a PEG ratio of 11.73 and a beta of 1.89. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The firm has a 50 day moving average of $425.17 and a 200 day moving average of $423.32.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. During the same period last year, the business earned $0.73 EPS. Tesla’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. New Street Research raised their price target on Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday. Morgan Stanley set a $415.00 price target on Tesla and gave the company an “equal weight” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating on the stock in a research report on Friday, January 30th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $406.84.

View Our Latest Research Report on Tesla

Insider Buying and Selling

In related news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the transaction, the director owned 19,669 shares in the company, valued at $8,173,649.64. This represents a 56.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 145,188 shares of company stock worth $64,193,919. 19.90% of the stock is currently owned by company insiders.

About Tesla

(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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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