Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,894 shares of the electric vehicle producer’s stock after purchasing an additional 2,679 shares during the period. Tesla makes up about 1.3% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 11th largest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Tesla were worth $13,889,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD raised its stake in shares of Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after acquiring an additional 350 shares in the last quarter. Oak Ridge Investments LLC raised its stake in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after buying an additional 1,405 shares in the last quarter. CWM LLC raised its stake in Tesla by 14.4% in the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock valued at $36,717,000 after buying an additional 18,462 shares in the last quarter. Corient Private Wealth LLC raised its stake in Tesla by 3.7% in the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after buying an additional 25,943 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Tesla by 11.8% in the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after buying an additional 81,729 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA traded down $1.66 during mid-day trading on Wednesday, reaching $155.45. The stock had a trading volume of 82,283,222 shares, compared to its average volume of 101,923,211. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The firm has a market capitalization of $495.08 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 4.25 and a beta of 2.39. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The business has a 50 day simple moving average of $180.88 and a 200 day simple moving average of $213.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, analysts expect that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. Company insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft cut their price target on Tesla from $200.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Mizuho reaffirmed a “neutral” rating and set a $195.00 price objective (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Citigroup dropped their price objective on Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Redburn Atlantic assumed coverage on Tesla in a report on Wednesday, January 24th. They set a “sell” rating and a $170.00 price objective on the stock. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $197.15.

Tesla Company 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.