Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,217 shares of the electric vehicle producer’s stock after buying an additional 6,834 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tesla were worth $21,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new position in Tesla during the 3rd quarter valued at $29,000. Peterson Financial Group Inc. bought a new position in Tesla during the 3rd quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the 4th quarter valued at $46,000. PayPay Securities Corp boosted its stake in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Finley Financial LLC bought a new position in Tesla during the 4th quarter valued at $64,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

NASDAQ TSLA opened at $262.67 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock’s 50-day moving average is $367.78 and its two-hundred day moving average is $318.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $844.88 billion, a P/E ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other Tesla news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 422,452 shares of company stock valued at $153,659,530. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSLA. Jefferies Financial Group increased their price target on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus reduced their price objective on Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research note on Monday, February 10th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research note on Monday, January 6th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Finally, Guggenheim reissued a “sell” rating on shares of Tesla in a research note on Tuesday, February 25th. Nine research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $327.37.

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.