Tesla, Inc. $TSLA Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 107,559 shares of the electric vehicle producer’s stock after buying an additional 1,184 shares during the period. Tesla makes up approximately 1.8% of AG2R LA Mondiale Gestion D Actifs’ holdings, making the stock its 9th biggest position. AG2R LA Mondiale Gestion D Actifs’ holdings in Tesla were worth $34,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. LGT Financial Advisors LLC purchased a new stake in Tesla during the second quarter valued at about $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla in the 1st quarter valued at approximately $27,000. Chelsea Counsel Co. boosted its stake in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares during the period. Evergreen Private Wealth LLC raised its stake in Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Finally, Centennial Bank AR lifted its holdings in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $433.72 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.55. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 289.15, a P/E/G ratio of 16.13 and a beta of 2.08. The business has a 50-day moving average of $398.06 and a two-hundred day moving average of $339.92. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. China Renaissance lifted their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Tesla in a report on Wednesday, October 8th. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesla in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and eleven have given a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $380.03.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company’s stock.

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.