BSN CAPITAL PARTNERS Ltd Buys Shares of 700,945 Tesla, Inc. (NASDAQ:TSLA)

BSN CAPITAL PARTNERS Ltd acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 700,945 shares of the electric vehicle producer’s stock, valued at approximately $314,256,000. Tesla comprises about 12.6% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 4th largest position.

Several other hedge funds also recently added to or reduced their stakes in TSLA. Retirement Planning Group LLC raised its holdings in Tesla by 16.1% in the 3rd quarter. Retirement Planning Group LLC now owns 1,392 shares of the electric vehicle producer’s stock valued at $364,000 after buying an additional 193 shares during the period. Carnegie Investment Counsel lifted its holdings in shares of Tesla by 29.6% in the 3rd quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock worth $1,735,000 after acquiring an additional 1,515 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in Tesla by 37.6% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,197 shares of the electric vehicle producer’s stock valued at $575,000 after purchasing an additional 600 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in Tesla in the third quarter valued at approximately $209,000. Finally, VitalStone Financial LLC boosted its position in shares of Tesla by 52.3% during the third quarter. VitalStone Financial LLC now owns 3,095 shares of the electric vehicle producer’s stock worth $810,000 after buying an additional 1,063 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $350.73 on Tuesday. The company’s 50 day simple moving average is $408.27 and its 200-day simple moving average is $304.55. The firm has a market cap of $1.13 trillion, a PE ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 return on equity of 10.31% and a net margin of 7.26%. As a group, equities analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSLA shares. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Mizuho reaffirmed an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $440.00 target price on shares of Tesla in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $321.71.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 635,776 shares of company stock worth $231,335,112 in the last quarter. Company insiders own 20.70% of the company’s stock.

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.