Candriam S.C.A. Has $190.21 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Candriam S.C.A. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 470,991 shares of the electric vehicle producer’s stock after purchasing an additional 71,575 shares during the period. Tesla makes up about 1.1% of Candriam S.C.A.’s holdings, making the stock its 15th biggest position. Candriam S.C.A.’s holdings in Tesla were worth $190,205,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter valued at $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla during the fourth quarter worth $46,000. PayPay Securities Corp grew its holdings in Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Tesla during the third quarter valued at about $35,000. Finally, Finley Financial LLC acquired a new position in shares of Tesla during the fourth quarter valued at about $64,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 5.6 %

Shares of TSLA stock opened at $263.45 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month 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 has a 50 day moving average of $371.15 and a 200-day moving average of $317.75. The firm has a market cap of $847.39 billion, a P/E ratio of 129.14, a PEG 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 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%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Royal Bank of Canada reissued a “mixed” rating on shares of Tesla in a research note on Saturday, February 8th. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a report on Monday. Morgan Stanley restated a “top pick” rating and set a $430.00 price target on shares of Tesla in a research note on Monday. Finally, Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen 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 company presently has a consensus rating of “Hold” and an average target price of $313.15.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. 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 dated 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 owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 422,452 shares of company stock valued at $153,659,530. Company insiders own 20.70% of the company’s stock.

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.