Tesla Inc (TSLA) Holdings Trimmed by APG Asset Management N.V.

APG Asset Management N.V. reduced its holdings in Tesla Inc (NASDAQ:TSLA) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,061 shares of the electric vehicle producer’s stock after selling 9,300 shares during the quarter. APG Asset Management N.V. owned about 0.11% of Tesla worth $54,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TSLA. Alliancebernstein L.P. boosted its position in shares of Tesla by 0.4% during the third quarter. Alliancebernstein L.P. now owns 85,587 shares of the electric vehicle producer’s stock worth $22,661,000 after purchasing an additional 328 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Tesla by 39.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 6,647 shares of the electric vehicle producer’s stock worth $1,760,000 after buying an additional 1,890 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Tesla by 833.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,026 shares of the electric vehicle producer’s stock valued at $42,503,000 after purchasing an additional 141,997 shares during the period. Primecap Management Co. CA boosted its holdings in Tesla by 1.0% in the 3rd quarter. Primecap Management Co. CA now owns 1,106,015 shares of the electric vehicle producer’s stock valued at $292,840,000 after purchasing an additional 10,900 shares during the period. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in Tesla in the 3rd quarter valued at about $122,000. 59.50% of the stock is owned by institutional investors and hedge funds.

In other news, Director Linda Johnson Rice sold 1,700 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $320.00, for a total transaction of $544,000.00. Following the completion of the sale, the director now owns 1,700 shares of the company’s stock, valued at approximately $544,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $267.50, for a total transaction of $4,012,500.00. Following the sale, the insider now directly owns 306,748 shares of the company’s stock, valued at approximately $82,055,090. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,040 shares of company stock worth $28,575,874. 22.80% of the stock is owned by insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Tesla from a “strong-buy” rating to a “hold” rating in a report on Monday, December 31st. Royal Bank of Canada reissued a “sell” rating and issued a $245.00 price objective on shares of Tesla in a report on Wednesday, February 6th. DZ Bank reissued a “sell” rating on shares of Tesla in a report on Monday, February 4th. Morgan Stanley reissued an “equal weight” rating and issued a $283.00 price objective (down previously from $291.00) on shares of Tesla in a report on Tuesday, February 5th. Finally, BidaskClub raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Fifteen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $315.41.

Shares of TSLA stock traded up $2.03 during trading hours on Friday, hitting $273.26. 5,876,325 shares of the company’s stock were exchanged, compared to its average volume of 8,720,202. The company has a market capitalization of $47.20 billion, a PE ratio of -47.77 and a beta of 0.35. Tesla Inc has a 12-month low of $247.77 and a 12-month high of $387.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.00 by $0.93. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the firm posted ($3.04) earnings per share. The business’s revenue was up 119.8% compared to the same quarter last year. On average, research analysts predict that Tesla Inc will post -2.01 EPS for the current year.

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About Tesla

Tesla, Inc designs, develops, manufactures, 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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