BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 12,395 Shares of Tesla, Inc. $TSLA

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,439,226 shares of the electric vehicle producer’s stock after buying an additional 12,395 shares during the quarter. Tesla accounts for approximately 1.6% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s investment portfolio, making the stock its 7th largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Tesla were worth $637,853,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter valued at $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla in the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the second quarter valued at about $30,000. ESL Trust Services LLC raised 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 acquiring an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Tesla during the second quarter worth about $32,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BNP Paribas Exane increased their target price on shares of Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Tesla in a research note on Thursday, January 29th. Tigress Financial started coverage on shares of Tesla in a research report on Thursday, February 12th. They set a “buy” rating and a $550.00 price target on the stock. Finally, Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $408.09.

View Our Latest Stock Analysis on Tesla

Key Tesla News

Here are the key news stories impacting Tesla this week:

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. 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 company’s stock in a transaction dated 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 completion of the sale, the director owned 577,031 shares in the company, valued at $257,009,607.40. This represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock worth $53,501,145 over the last three months. 19.90% of the stock is currently owned by insiders.

Tesla Trading Up 0.1%

Shares of Tesla stock opened at $411.71 on Friday. The stock has a market capitalization of $1.54 trillion, a PE ratio of 381.21, a price-to-earnings-growth ratio of 14.48 and a beta of 1.86. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The stock has a 50 day moving average price of $441.59 and a two-hundred day moving average price of $416.81. 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 (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $24.75 billion. During the same period last year, the business earned $0.73 EPS. Tesla’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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