Allianz SE Grows Position in Tesla, Inc. $TSLA

Allianz SE lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,305 shares of the electric vehicle producer’s stock after purchasing an additional 2,346 shares during the quarter. Tesla accounts for approximately 1.0% of Allianz SE’s portfolio, making the stock its 19th largest position. Allianz SE’s holdings in Tesla were worth $48,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC lifted its position in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after buying an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC grew its position in Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after acquiring an additional 851 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 price objective on shares of Tesla in a report on Thursday, January 29th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, January 29th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Tuesday. Stifel Nicolaus set a $508.00 price objective on Tesla in a report on Thursday, January 29th. Finally, Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, February 18th. Eighteen 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $408.09.

Read Our Latest Report on Tesla

Tesla Stock Performance

Shares of TSLA stock opened at $408.58 on Friday. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 378.31, a PEG ratio of 14.75 and a beta of 1.86. The stock has a fifty day moving average of $435.03 and a 200 day moving average of $419.99. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

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

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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