Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $2.45 Million Stock Holdings in Tesla, Inc. $TSLA

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,720 shares of the electric vehicle producer’s stock after buying an additional 494 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Tesla were worth $2,452,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Brighton Jones LLC grew its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC boosted its holdings in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Tesla by 6.0% during the first quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer’s stock valued at $9,812,000 after purchasing an additional 2,153 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Tesla by 346.3% during the first quarter. Farmers & Merchants Investments Inc. now owns 14,237 shares of the electric vehicle producer’s stock valued at $3,690,000 after purchasing an additional 11,047 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA opened at $413.49 on Monday. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The firm has a 50 day moving average of $375.97 and a 200-day moving average of $328.28. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 239.01, a price-to-earnings-growth ratio of 14.92 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock worth $75,588,902 in the last quarter. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TSLA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tesla in a report on Wednesday, October 8th. Guggenheim reaffirmed a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Daiwa Capital Markets reaffirmed a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $354.67.

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.