Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Swedbank AB

Swedbank AB raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,069,048 shares of the electric vehicle producer’s stock after purchasing an additional 872 shares during the quarter. Swedbank AB’s holdings in Tesla were worth $211,543,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank & Trust Co purchased a new position in Tesla in the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Tesla in the fourth quarter worth $37,000. Guardian Wealth Management Inc. purchased a new position in shares of Tesla in the 4th quarter valued at $47,000. Kathleen S. Wright Associates Inc. boosted its position in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares during the period. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in Tesla in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $1.98 during trading hours on Friday, hitting $216.12. The stock had a trading volume of 88,620,586 shares, compared to its average volume of 90,901,848. The stock’s fifty day simple moving average is $214.37 and its 200 day simple moving average is $190.80. The firm has a market capitalization of $690.43 billion, a price-to-earnings ratio of 55.13, a PEG ratio of 5.22 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $278.98.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TSLA shares. Stifel Nicolaus started coverage on Tesla in a research report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 target price for the company. New Street Research cut Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a report on Wednesday, July 24th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research note on Monday, July 29th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Wednesday, July 24th. Finally, Canaccord Genuity Group lifted their price target on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $204.21.

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.