Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,503 shares of the electric vehicle producer’s stock after acquiring an additional 2,244 shares during the period. Tesla accounts for about 1.3% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 29th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Tesla were worth $18,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Paragon Capital Management Ltd acquired a new position in Tesla during the 4th quarter worth approximately $25,000. AllSquare Wealth Management LLC increased its position in Tesla by 766.7% during the 4th quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 23 shares during the period. Northwest Investment Counselors LLC acquired a new position in Tesla during the 4th quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new position in Tesla during the 4th quarter worth approximately $32,000. Finally, AlphaCentric Advisors LLC acquired a new position in Tesla during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.

NASDAQ:TSLA opened at $708.26 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.35 and a quick ratio of 1.04. The firm has a 50-day moving average of $789.93 and a two-hundred day moving average of $902.53. The stock has a market cap of $734.03 billion, a P/E ratio of 96.10, a PEG ratio of 2.31 and a beta of 2.13. Tesla, Inc. has a 1-year low of $620.46 and a 1-year high of $1,243.49.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $1.22. The company had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The firm’s revenue for the quarter was up 80.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities analysts expect that Tesla, Inc. will post 10.25 earnings per share for the current year.

In other news, SVP Andrew D. Baglino sold 3,500 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $1,065.00, for a total transaction of $3,727,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Vaibhav Taneja sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $1,141.94, for a total transaction of $1,484,522.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,985 shares in the company, valued at approximately $29,673,310.90. The disclosure for this sale can be found here. Insiders have sold 416,669 shares of company stock worth $369,312,309 in the last ninety days. Corporate insiders own 25.00% of the company’s stock.

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on Tesla from $313.00 to $375.00 and gave the stock a “sell” rating in a research note on Thursday, April 21st. The Goldman Sachs Group decreased their price target on Tesla from $1,200.00 to $1,000.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Oppenheimer boosted their price target on Tesla from $1,103.00 to $1,291.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Cowen boosted their price target on Tesla from $660.00 to $790.00 and gave the stock a “market perform” rating in a research note on Monday, April 4th. Finally, Tudor, Pickering, Holt & Co. raised Tesla from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $894.73.

Tesla Profile (Get Rating)

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.

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