Bank Julius Baer & Co. Ltd Zurich Acquires 329 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,030 shares of the electric vehicle producer’s stock after purchasing an additional 329 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tesla were worth $1,747,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. acquired a new position in Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV boosted its holdings in shares of Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $168.29 on Friday. The stock’s 50-day simple moving average is $175.04 and its 200 day simple moving average is $208.00. The firm has a market capitalization of $536.71 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.07 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSLA. JPMorgan Chase & Co. cut their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Robert W. Baird reissued an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a report on Wednesday, April 17th. Sanford C. Bernstein cut their price objective on Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. Canaccord Genuity Group cut their price target on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, The Goldman Sachs Group cut their price target on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.70.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last ninety days. 25.10% of the stock is owned by corporate insiders.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.