BDF Gestion Takes $9.46 Million Position in Tesla, Inc. (NASDAQ:TSLA)

BDF Gestion bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 47,801 shares of the electric vehicle producer’s stock, valued at approximately $9,459,000. Tesla accounts for approximately 0.9% of BDF Gestion’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC lifted its position in shares of Tesla by 13.1% during the 4th quarter. Strategic Blueprint LLC now owns 11,418 shares of the electric vehicle producer’s stock valued at $2,837,000 after acquiring an additional 1,324 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Tesla by 5.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock valued at $6,203,000 after buying an additional 1,189 shares in the last quarter. Windmill Hill Asset Management Ltd acquired a new position in shares of Tesla in the fourth quarter worth about $292,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Tesla in the fourth quarter worth approximately $443,000. Finally, B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Tesla by 20.9% during the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 19,440 shares of the electric vehicle producer’s stock valued at $4,830,000 after acquiring an additional 3,356 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of TSLA stock traded up $1.16 during trading hours on Friday, reaching $200.00. 58,561,456 shares of the company’s stock were exchanged, compared to its average volume of 100,019,031. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week 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. The stock has a market capitalization of $637.84 billion, a P/E ratio of 50.49, a P/E/G ratio of 5.18 and a beta of 2.31. The business has a fifty day moving average price of $211.60 and a 200-day moving average price of $190.59.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 earnings per share. Analysts predict that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. UBS Group downgraded Tesla from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $147.00 to $197.00 in a research note on Friday, July 12th. Royal Bank of Canada lowered their target price on Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Robert W. Baird reissued an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, July 16th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $204.21.

Insider Activity at Tesla

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

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.