18,600 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,600 shares of the electric vehicle producer’s stock, valued at approximately $7,511,000. Tesla comprises approximately 0.8% of Generali Investments CEE investicni spolecnost a.s.’s portfolio, making the stock its 26th largest position.

Several other hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Tesla by 5.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 494,128 shares of the electric vehicle producer’s stock worth $199,549,000 after acquiring an additional 25,354 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Tesla by 16.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 47,217 shares of the electric vehicle producer’s stock worth $21,043,000 after acquiring an additional 6,834 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Tesla in the fourth quarter valued at approximately $1,021,000. RKL Wealth Management LLC raised its holdings in Tesla by 1.8% in the fourth quarter. RKL Wealth Management LLC now owns 9,943 shares of the electric vehicle producer’s stock valued at $4,015,000 after buying an additional 180 shares during the period. Finally, Aviance Capital Partners LLC purchased a new position in Tesla in the fourth quarter valued at approximately $487,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 422,452 shares of company stock valued at $153,659,530. 20.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSLA shares. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. UBS Group reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $327.37.

Tesla Price Performance

Shares of Tesla stock opened at $262.67 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company’s 50-day moving average price is $367.78 and its two-hundred day moving average price is $318.03. The stock has a market cap of $844.88 billion, a PE ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 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.