BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,948,165 shares of the electric vehicle producer’s stock after acquiring an additional 236,629 shares during the quarter. Tesla makes up approximately 1.0% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings, making the stock its 15th biggest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Tesla were worth $385,503,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of Tesla by 5.0% during the 4th quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock valued at $6,203,000 after acquiring an additional 1,189 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Tesla during the fourth quarter worth $310,000. DDFG Inc raised its holdings in shares of Tesla by 7.1% during the 4th quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 71 shares in the last quarter. Vantage Financial Partners LLC raised its position in Tesla by 6.4% during the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after purchasing an additional 346 shares during the period. Finally, Gilbert & Cook Inc. boosted its stake in shares of Tesla by 8.7% during the 4th quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock worth $3,357,000 after purchasing an additional 1,086 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research note on Tuesday, August 20th. William Blair began coverage on shares of Tesla in a research note on Thursday. They set an “outperform” rating for the company. Guggenheim reiterated a “sell” rating and set a $134.00 price objective on shares of Tesla in a research report on Tuesday, July 23rd. Finally, UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $147.00 to $197.00 in a report on Friday, July 12th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $204.21.

Tesla Price Performance

NASDAQ TSLA traded up $7.83 during trading hours on Friday, reaching $214.11. The company’s stock had a trading volume of 63,248,589 shares, compared to its average volume of 97,535,023. The company has a market capitalization of $684.00 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 5.52 and a beta of 2.31. The firm’s 50-day moving average price is $221.38 and its 200-day moving average price is $192.64. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

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.