Quintet Private Bank Europe S.A. Has $16.53 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Quintet Private Bank Europe S.A. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,943 shares of the electric vehicle producer’s stock after selling 12,936 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Tesla were worth $16,534,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter valued at about $29,000. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the third quarter valued at about $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Tesla during the fourth quarter valued at about $46,000. PayPay Securities Corp boosted its stake in shares of Tesla by 130.2% during the fourth 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 acquired a new stake in shares of Tesla during the fourth quarter valued at about $64,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 403,996 shares of company stock worth $153,721,387 in the last 90 days. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 2.8 %

Shares of NASDAQ:TSLA opened at $284.65 on Tuesday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The business has a 50 day simple moving average of $382.44 and a two-hundred day simple moving average of $318.01. The firm has a market capitalization of $915.58 billion, a PE ratio of 139.53, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TSLA shares. Truist Financial raised their price objective on Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Piper Sandler raised their price objective on Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Morgan Stanley reiterated a “top pick” rating and issued a $430.00 target price on shares of Tesla in a report on Monday. Finally, Mizuho reiterated an “outperform” rating and issued a $515.00 target price on shares of Tesla in a report on Thursday, January 30th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $318.77.

About Tesla

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.