Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 310.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,585,695 shares of the electric vehicle producer’s stock after purchasing an additional 1,199,474 shares during the period. Tesla makes up approximately 1.3% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 9th largest holding. Robeco Institutional Asset Management B.V. owned about 0.05% of Tesla worth $420,608,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in Tesla by 196.4% during the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after acquiring an additional 18,472,529 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Tesla by 189.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after acquiring an additional 6,125,732 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Tesla by 10.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after acquiring an additional 1,317,687 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in Tesla by 167.6% during the third quarter. AMF Tjanstepension AB now owns 1,336,367 shares of the electric vehicle producer’s stock worth $354,471,000 after acquiring an additional 836,907 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Tesla by 109.2% in the first quarter. Renaissance Technologies LLC now owns 1,555,375 shares of the electric vehicle producer’s stock valued at $1,676,072,000 after purchasing an additional 811,900 shares in the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on TSLA shares. TheStreet lowered Tesla from a “b-” rating to a “c+” rating in a report on Tuesday, November 1st. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Mizuho dropped their target price on Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, January 5th. Robert W. Baird dropped their target price on Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. Finally, Wedbush dropped their target price on Tesla from $250.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, December 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $230.20.

Tesla Stock Performance

NASDAQ TSLA opened at $123.56 on Friday. The company has a market capitalization of $390.17 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 0.93 and a beta of 2.02. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The stock has a fifty day simple moving average of $158.61 and a 200 day simple moving average of $226.32. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $21.45 billion during the quarter, compared to the consensus estimate of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. Tesla’s quarterly revenue was up 55.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 3.6 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now directly owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The disclosure for this sale can be found here. Insiders sold 24,172,833 shares of company stock worth $4,492,567,309 over the last three months. Company insiders own 25.10% of the company’s stock.

Tesla Profile

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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