Nan Shan Life Insurance Co. Ltd. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,763 shares of the electric vehicle producer’s stock after acquiring an additional 20,335 shares during the period. Tesla makes up approximately 3.4% of Nan Shan Life Insurance Co. Ltd.’s investment portfolio, making the stock its 3rd biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Tesla were worth $164,960,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Private Wealth LLC purchased a new position in Tesla in the fourth quarter worth about $26,000. Clearview Wealth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $31,000. Cypress Capital Management LLC WY raised its stake in Tesla by 800.0% in the fourth quarter. Cypress Capital Management LLC WY now owns 45 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Finally, Penbrook Management LLC bought a new position in Tesla in the fourth quarter worth approximately $35,000. Institutional investors own 41.39% of the company’s stock.
A number of brokerages recently commented on TSLA. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective 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. Edward Jones initiated coverage on Tesla in a research report on Wednesday, January 13th. They set a “hold” rating on the stock. Bank of America reduced their price target on Tesla to $500.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 17th. Smith Barney Citigroup boosted their price objective on shares of Tesla from $117.00 to $137.00 in a report on Tuesday, October 27th. Finally, Exane BNP Paribas lowered shares of Tesla from a “neutral” rating to an “underperform” rating and set a $340.00 price objective on the stock. in a report on Tuesday, January 5th. Twelve investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $338.99.
In other Tesla news, Director Kathleen Wilson-Thompson sold 12,500 shares of the business’s stock in a transaction on Monday, November 30th. The stock was sold at an average price of $592.99, for a total transaction of $7,412,375.00. Following the completion of the transaction, the director now owns 14,300 shares in the company, valued at approximately $8,479,757. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Vaibhav Taneja sold 4,463 shares of the company’s stock in a transaction on Wednesday, January 6th. The shares were sold at an average price of $762.99, for a total value of $3,405,224.37. Following the completion of the sale, the chief accounting officer now owns 16,728 shares of the company’s stock, valued at approximately $12,763,296.72. 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 in the last ninety days. 23.00% of the stock is owned by company insiders.
Tesla stock traded down $29.19 during trading on Tuesday, reaching $685.31. 1,541,393 shares of the company’s stock were exchanged, compared to its average volume of 30,738,014. The company’s 50-day moving average is $827.41 and its two-hundred day moving average is $561.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 1.63. Tesla, Inc. has a 52-week low of $70.10 and a 52-week high of $900.40. The firm has a market cap of $657.80 billion, a price-to-earnings ratio of 1,257.91, a PEG ratio of 8.81 and a beta of 2.18.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 EPS for the quarter, topping the consensus estimate of $0.63 by $0.17. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.38 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Analysts anticipate that Tesla, Inc. will post 1.02 EPS for the current year.
Tesla Company 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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