Bank Julius Baer & Co. Ltd Zurich Purchases 329 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,030 shares of the electric vehicle producer’s stock after buying an additional 329 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tesla were worth $1,747,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla during the 4th quarter valued at about $25,000. Mendota Financial Group LLC lifted its holdings in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV lifted its holdings in Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $168.29 on Friday. The stock has a 50-day simple moving average of $175.04 and a two-hundred day simple moving average of $208.00. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. The firm has a market capitalization of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Redburn Atlantic assumed coverage on Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective for the company. Daiwa Capital Markets lowered Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Canaccord Genuity Group reduced their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Finally, HSBC reduced their price objective on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.70.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last 90 days. Company insiders own 25.10% of the company’s stock.

Tesla 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.