Mn Services Vermogensbeheer B.V. Has $177.43 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Mn Services Vermogensbeheer B.V. lifted its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 182.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 668,900 shares of the electric vehicle producer’s stock after buying an additional 432,300 shares during the period. Tesla comprises 1.9% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Tesla were worth $177,426,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC raised its position in Tesla by 224.1% in the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Coston McIsaac & Partners increased its holdings in shares of Tesla by 200.0% during the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 64 shares in the last quarter. TFO TDC LLC acquired a new stake in shares of Tesla during the second quarter worth approximately $27,000. Horan Securities Inc. increased its holdings in shares of Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Finally, West Oak Capital LLC acquired a new stake in shares of Tesla during the third quarter worth approximately $27,000. Institutional investors own 43.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Tesla from $176.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, January 13th. Royal Bank of Canada dropped their price objective on shares of Tesla from $225.00 to $186.00 in a report on Tuesday, January 3rd. Wolfe Research lowered their price target on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Mizuho lowered their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, January 5th. Finally, The Goldman Sachs Group lowered their price target on shares of Tesla from $235.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 2nd. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $218.29.

Insider Buying and Selling at Tesla

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

Tesla Trading Up 4.9 %

Shares of NASDAQ:TSLA opened at $133.42 on Friday. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $384.29. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $150.72 and its 200 day simple moving average is $222.02. The firm has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 0.95 and a beta of 2.02.

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

Tesla Company 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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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