Cardano Risk Management B.V. Purchases 13,572 Shares of Tesla, Inc. (NASDAQ:TSLA)

Cardano Risk Management B.V. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 730,898 shares of the electric vehicle producer’s stock after purchasing an additional 13,572 shares during the quarter. Tesla comprises 3.4% of Cardano Risk Management B.V.’s holdings, making the stock its 10th biggest position. Cardano Risk Management B.V.’s holdings in Tesla were worth $191,225,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its position in shares of Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares during the period. M&G Plc bought a new position in Tesla in the first quarter valued at approximately $2,509,000. Catalytic Wealth RIA LLC acquired a new position in shares of Tesla in the first quarter valued at approximately $732,000. Covestor Ltd increased its position in shares of Tesla by 28.4% during the first quarter. Covestor Ltd now owns 1,606 shares of the electric vehicle producer’s stock worth $282,000 after acquiring an additional 355 shares in the last quarter. Finally, Resurgent Financial Advisors LLC raised its holdings in shares of Tesla by 60.1% during the first quarter. Resurgent Financial Advisors LLC now owns 5,267 shares of the electric vehicle producer’s stock worth $926,000 after acquiring an additional 1,978 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 3.1 %

TSLA opened at $320.72 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $358.64. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 87.87, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29. The company has a fifty day moving average price of $252.30 and a 200-day moving average price of $220.72.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock worth $57,616,781 over the last three months. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Wedbush increased their price objective on Tesla from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a report on Thursday, October 17th. Roth Mkm reissued a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research report on Friday, October 11th. William Blair assumed coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Finally, Guggenheim increased their price objective on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $230.18.

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.