Bessemer Group Inc. Has $19.24 Million Stock Position in Tesla, Inc. $TSLA

Bessemer Group Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,269 shares of the electric vehicle producer’s stock after acquiring an additional 5,066 shares during the quarter. Bessemer Group Inc.’s holdings in Tesla were worth $19,243,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSLA. Relyea Zuckerberg Hanson LLC lifted its stake in Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after acquiring an additional 23 shares during the last quarter. Equita Financial Network Inc. raised its stake in Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after buying an additional 23 shares during the period. VanderPol Investments L.L.C. lifted its position in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after buying an additional 23 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Tesla by 0.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after acquiring an additional 23 shares during the last quarter. Finally, Cloud Capital Management LLC raised its stake in Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 in the last quarter. 19.90% of the stock is owned by insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $411.11 on Friday. The firm’s fifty day moving average price is $446.45 and its two-hundred day moving average price is $410.61. The stock has a market cap of $1.54 trillion, a PE ratio of 380.66, a PEG ratio of 13.30 and a beta of 1.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSLA shares. Truist Financial dropped their price objective on shares of Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. New Street Research lifted their price target on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company lowered their price objective on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Tesla from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $403.92.

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Tesla Company 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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