Groupama Asset Managment Boosts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Groupama Asset Managment boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,575 shares of the electric vehicle producer’s stock after purchasing an additional 7,875 shares during the quarter. Groupama Asset Managment’s holdings in Tesla were worth $67,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Trexquant Investment LP lifted its position in shares of Tesla by 27.3% in the fourth quarter. Trexquant Investment LP now owns 139,409 shares of the electric vehicle producer’s stock worth $56,299,000 after buying an additional 29,880 shares in the last quarter. May Hill Capital LLC bought a new stake in Tesla in the 4th quarter worth approximately $706,000. Centric Wealth Management raised its holdings in shares of Tesla by 167.1% during the 4th quarter. Centric Wealth Management now owns 3,937 shares of the electric vehicle producer’s stock worth $1,590,000 after acquiring an additional 2,463 shares in the last quarter. Lokken Investment Group LLC bought a new position in shares of Tesla during the 4th quarter valued at approximately $276,000. Finally, Geode Capital Management LLC grew its holdings in shares of Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock worth $166,849,043 over the last quarter. Insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and upped their target price for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Cantor Fitzgerald upgraded Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 price target for the company in a research report on Wednesday, March 19th. Guggenheim decreased their price objective on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a report on Monday, March 3rd. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $317.75.

Tesla Stock Performance

Shares of TSLA stock opened at $259.16 on Tuesday. The firm has a market cap of $833.59 billion, a price-to-earnings ratio of 127.04, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $317.98 and its 200 day moving average is $323.21.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, sell-side 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.