Swedbank Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Swedbank acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 192,300 shares of the electric vehicle producer’s stock, valued at approximately $133,606,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSLA. Center for Financial Planning Inc. grew its position in shares of Tesla by 450.0% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,155 shares of the electric vehicle producer’s stock valued at $496,000 after acquiring an additional 945 shares during the period. Capital Financial Planning LLC acquired a new stake in shares of Tesla during the 3rd quarter worth about $215,000. Welch & Forbes LLC lifted its stake in shares of Tesla by 400.0% during the 3rd quarter. Welch & Forbes LLC now owns 1,150 shares of the electric vehicle producer’s stock worth $493,000 after buying an additional 920 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Tesla by 462.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 6,454 shares of the electric vehicle producer’s stock worth $2,769,000 after buying an additional 5,307 shares during the last quarter. Finally, HighMark Wealth Management LLC lifted its stake in shares of Tesla by 406.9% during the 3rd quarter. HighMark Wealth Management LLC now owns 294 shares of the electric vehicle producer’s stock worth $126,000 after buying an additional 236 shares during the last quarter. 41.39% of the stock is owned by institutional investors.

In other Tesla news, CFO Zachary Kirkhorn sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $778.17, for a total transaction of $972,712.50. Following the sale, the chief financial officer now directly owns 55,007 shares of the company’s stock, valued at approximately $42,804,797.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 28th. The stock was sold at an average price of $674.68, for a total transaction of $1,012,020.00. Following the sale, the senior vice president now directly owns 21,226 shares in the company, valued at $14,320,757.68. The disclosure for this sale can be found here. Insiders have sold a total of 131,323 shares of company stock worth $93,966,505 over the last three months. Insiders own 23.00% of the company’s stock.

Shares of Tesla stock opened at $665.00 on Tuesday. The firm has a market capitalization of $638.30 billion, a PE ratio of 1,434.74, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $827.41 and its 200 day moving average is $561.79. Tesla, Inc. has a 1 year low of $70.10 and a 1 year high of $900.40.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.17. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.38 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The firm’s revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 1.02 earnings per share for the current year.

TSLA has been the subject of a number of research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Tesla from $117.00 to $137.00 and gave the stock a “sell” rating in a research note on Tuesday, October 27th. The Goldman Sachs Group cut shares of Tesla from a “neutral” rating to a “sell” rating in a research note on Tuesday, February 2nd. Edward Jones initiated coverage on shares of Tesla in a research note on Wednesday, January 13th. They set a “hold” rating for the company. Cfra cut shares of Tesla from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 18th. Finally, BNP Paribas cut shares of Tesla from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $385.00 to $340.00 in a research note on Tuesday, January 5th. Twelve analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Tesla currently has an average rating of “Hold” and a consensus price target of $338.99.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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