Banque Cantonale Vaudoise Has $22.55 Million Holdings in Tesla, Inc. $TSLA

Banque Cantonale Vaudoise raised its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,697 shares of the electric vehicle producer’s stock after buying an additional 4,084 shares during the quarter. Tesla accounts for 0.8% of Banque Cantonale Vaudoise’s portfolio, making the stock its 16th largest position. Banque Cantonale Vaudoise’s holdings in Tesla were worth $22,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TSLA. Norges Bank acquired a new position in Tesla in the 2nd quarter worth approximately $11,839,824,000. Vanguard Group Inc. raised its stake in Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the period. Amundi lifted its holdings in shares of Tesla by 20.4% in the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after buying an additional 1,269,304 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 60,000 shares of the firm’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 value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,995 shares of company stock valued at $38,315,650 over the last quarter. Insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. BNP Paribas Exane decreased their price objective on Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research report on Monday, March 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 target price on shares of Tesla in a report on Thursday, January 29th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, Morgan Stanley set a $415.00 price target on shares of Tesla and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $406.84.

Get Our Latest Stock Analysis on TSLA

Tesla Stock Performance

Shares of TSLA opened at $398.68 on Tuesday. The firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 369.15, a price-to-earnings-growth ratio of 11.73 and a beta of 1.89. The company’s fifty day moving average is $423.95 and its 200-day moving average is $424.57. 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, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83.

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

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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