MASTERINVEST Kapitalanlage GmbH Makes New $6.66 Million Investment in Tesla, Inc. $TSLA

MASTERINVEST Kapitalanlage GmbH bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, Holdings Channel reports. The firm bought 20,967 shares of the electric vehicle producer’s stock, valued at approximately $6,660,000.

Other hedge funds have also added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in Tesla by 51.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 417,259 shares of the electric vehicle producer’s stock valued at $132,546,000 after buying an additional 140,930 shares in the last quarter. Silverlake Wealth Management LLC boosted its position in shares of Tesla by 102.0% in the second quarter. Silverlake Wealth Management LLC now owns 5,524 shares of the electric vehicle producer’s stock valued at $1,755,000 after acquiring an additional 2,790 shares during the period. Fulcrum Equity Management grew its stake in shares of Tesla by 4.4% in the second quarter. Fulcrum Equity Management now owns 1,531 shares of the electric vehicle producer’s stock valued at $486,000 after acquiring an additional 64 shares in the last quarter. Carter Financial Group INC. bought a new position in Tesla during the second quarter worth about $1,467,000. Finally, TT Capital Management LLC acquired a new stake in Tesla in the 2nd quarter worth about $618,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a report on Monday, November 17th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. Bank of America upped their target price on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Evercore ISI boosted their price target on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, UBS Group reiterated a “sell” rating on shares of Tesla in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $399.33.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by corporate insiders.

Tesla Stock Up 2.7%

TSLA stock opened at $458.96 on Monday. The firm has a 50-day moving average price of $435.52 and a 200-day moving average price of $376.42. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 305.97, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.