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

B. Metzler seel. Sohn & Co. AG increased its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,796 shares of the electric vehicle producer’s stock after purchasing an additional 8,491 shares during the quarter. Tesla makes up approximately 0.7% of B. Metzler seel. Sohn & Co. AG’s holdings, making the stock its 29th biggest holding. B. Metzler seel. Sohn & Co. AG’s holdings in Tesla were worth $77,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in Tesla in the third quarter valued at approximately $29,000. Westend Capital Management LLC bought a new position in shares of Tesla during the 3rd quarter valued at about $32,000. Chapman Financial Group LLC acquired a new position in shares of Tesla in the second quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new position in Tesla in the 2nd quarter worth $30,000. Finally, ESL Trust Services LLC boosted its position in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSLA. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, January 27th. Bank of America assumed coverage on Tesla in a research report on Wednesday. They issued a “buy” rating and a $460.00 target price on the stock. HSBC restated a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. Finally, BNP Paribas Exane reduced their price target on Tesla from $313.00 to $280.00 and set an “underperform” rating on the stock in a research report on Monday, March 2nd. Nineteen investment 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.com, Tesla has a consensus rating of “Hold” and a consensus target price of $406.84.

Check Out Our Latest Stock Analysis on TSLA

Insider Buying and Selling

In related news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 145,188 shares of company stock worth $64,193,919 over the last three months. Company insiders own 19.90% of the company’s stock.

More Tesla News

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Tesla Price Performance

Shares of TSLA opened at $396.73 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The business has a 50-day moving average of $425.17 and a 200-day moving average of $423.32. The company has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 367.34, a price-to-earnings-growth ratio of 11.73 and a beta of 1.89.

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

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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