ASR Vermogensbeheer N.V. Has $90.18 Million Stake in Tesla, Inc. $TSLA

ASR Vermogensbeheer N.V. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% during the second quarter, HoldingsChannel.com reports. The fund owned 283,897 shares of the electric vehicle producer’s stock after purchasing an additional 10,503 shares during the period. Tesla makes up 1.2% of ASR Vermogensbeheer N.V.’s holdings, making the stock its 13th largest position. ASR Vermogensbeheer N.V.’s holdings in Tesla were worth $90,180,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. KWB Wealth boosted its stake in Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer’s stock valued at $439,000 after purchasing an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. boosted its stake in Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $310,000 after purchasing an additional 34 shares during the period. Guyasuta Investment Advisors Inc. boosted its stake in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer’s stock valued at $1,622,000 after purchasing an additional 34 shares during the period. Kelly Financial Services LLC boosted its stake in Tesla by 2.7% during the 2nd quarter. Kelly Financial Services LLC now owns 1,331 shares of the electric vehicle producer’s stock valued at $423,000 after purchasing an additional 35 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its stake in Tesla by 1.9% during the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer’s stock valued at $493,000 after purchasing an additional 36 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Tesla from $115.00 to $150.00 in a research note on Friday. UBS Group reissued a “sell” rating and set a $215.00 price objective on shares of Tesla in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesla from $345.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Piper Sandler lifted their price objective on Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $343.43.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the sale, the chief financial officer owned 5,924 shares of the company’s stock, valued at approximately $1,735,080.36. The trade was a 40.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is currently owned by insiders.

Tesla Trading Down 1.4%

Shares of TSLA opened at $429.83 on Friday. The stock has a fifty day moving average price of $364.02 and a two-hundred day moving average price of $321.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54. The company has a market cap of $1.43 trillion, a price-to-earnings ratio of 248.46, a PEG ratio of 15.15 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

About Tesla

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.