20,967 Shares in Tesla, Inc. $TSLA Bought by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,967 shares of the electric vehicle producer’s stock, valued at approximately $6,660,000.

Other large investors also recently modified their holdings of the company. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter worth approximately $26,000. Chelsea Counsel Co. boosted its holdings in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Tesla during the second quarter worth $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the second quarter worth $30,000. Finally, ESL Trust Services LLC lifted its position in Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Up 2.7%

NASDAQ TSLA opened at $458.96 on Monday. The company has a market cap of $1.53 trillion, a PE ratio of 305.97, a PEG ratio of 15.50 and a beta of 1.87. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The stock has a 50 day moving average of $435.52 and a 200-day moving average of $376.42. 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 (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In related news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. Melius assumed coverage on Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 target price for the company. Piper Sandler reiterated an “overweight” rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday, December 9th. Industrial Alliance Securities set a $300.00 target price on Tesla in a research report on Monday, October 13th. Canaccord Genuity Group reduced their price target on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating on shares of Tesla in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $399.33.

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.