Tesla, Inc. (NASDAQ:TSLA) is Gulf International Bank UK Ltd’s 6th Largest Position
Gulf International Bank UK Ltd trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,048 shares of the electric vehicle producer’s stock after selling 29,930 shares during the period. Tesla comprises approximately 1.9% of Gulf International Bank UK Ltd’s portfolio, making the stock its 6th largest position. Gulf International Bank UK Ltd’s holdings in Tesla were worth $67,821,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. purchased a new stake in shares of Tesla during the third quarter worth about $25,000. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla during the third quarter worth about $27,000. Halpern Financial Inc. boosted its holdings in shares of Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 100 shares during the period. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 3,733.3% during the second quarter. Mendota Financial Group LLC now owns 115 shares of the electric vehicle producer’s stock worth $30,000 after purchasing an additional 112 shares during the period. Finally, Annapolis Financial Services LLC boosted its holdings in shares of Tesla by 2,050.0% during the second quarter. Annapolis Financial Services LLC now owns 129 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 123 shares during the period. 41.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Tesla news, CFO Vaibhav Taneja sold 173 shares of Tesla stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $244.34, for a total value of $42,270.82. Following the sale, the chief financial officer now directly owns 104,930 shares in the company, valued at approximately $25,638,596.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $244.32, for a total value of $2,565,360.00. Following the sale, the senior vice president now directly owns 68,102 shares in the company, valued at approximately $16,638,680.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 173 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $244.34, for a total transaction of $42,270.82. Following the completion of the sale, the chief financial officer now owns 104,930 shares in the company, valued at $25,638,596.20. The disclosure for this sale can be found here. Insiders have sold 30,222 shares of company stock worth $7,091,898 in the last three months. Company insiders own 25.10% of the company’s stock.
Tesla Trading Up 1.0 %
Shares of Tesla stock opened at $253.50 on Monday. The stock has a market capitalization of $805.86 billion, a PE ratio of 81.51, a P/E/G ratio of 4.60 and a beta of 2.26. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $299.29. The company’s fifty day simple moving average is $232.87 and its 200-day simple moving average is $246.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.18.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, October 18th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.07). The firm had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $24.19 billion. Tesla had a net margin of 11.21% and a return on equity of 21.47%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.61 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $293.00 target price on shares of Tesla in a report on Friday, September 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Tesla from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Thursday, October 19th. Truist Financial decreased their price target on shares of Tesla from $254.00 to $243.00 and set a “hold” rating for the company in a research note on Monday, October 2nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $275.00 price target on shares of Tesla in a research note on Monday, September 18th. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $231.93.
About Tesla (Free Report)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.
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