Tesla, Inc. $TSLA Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,851,110 shares of the electric vehicle producer’s stock after selling 121,302 shares during the quarter. Tesla makes up 1.0% of Universal Beteiligungs und Servicegesellschaft mbH’s portfolio, making the stock its 12th largest position. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tesla were worth $588,024,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its stake 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 worth $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Patton Albertson Miller Group LLC grew its position in shares of Tesla by 12.9% in the first quarter. Patton Albertson Miller Group LLC now owns 1,229 shares of the electric vehicle producer’s stock valued at $319,000 after purchasing an additional 140 shares during the period. Finally, Mystic Asset Management Inc. increased its stake in Tesla by 5.8% in the first quarter. Mystic Asset Management Inc. now owns 1,280 shares of the electric vehicle producer’s stock valued at $332,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $404.35 on Friday. The firm’s fifty day simple moving average is $429.67 and its 200 day simple moving average is $360.78. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The firm has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 269.57, a PEG ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates 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 company posted $0.72 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research analyst reports. China Renaissance raised their price target on Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Dbs Bank raised shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. Barclays restated a “negative” rating and issued a $350.00 target price (up from $275.00) on shares of Tesla in a report on Thursday, October 16th. Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Roth Capital set a $505.00 price objective on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $393.61.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value 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 represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

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.