Tesla, Inc. $TSLA Holdings Trimmed by Banco Santander S.A.

Banco Santander S.A. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 274,658 shares of the electric vehicle producer’s stock after selling 19,943 shares during the period. Tesla accounts for 0.8% of Banco Santander S.A.’s investment portfolio, making the stock its 20th largest position. Banco Santander S.A.’s holdings in Tesla were worth $87,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tesla by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer’s stock valued at $4,710,218,000 after purchasing an additional 849,091 shares during the last quarter. Amundi lifted its holdings in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Tesla by 17.6% during the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer’s stock valued at $3,832,047,000 after purchasing an additional 2,211,300 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 3.4%

TSLA opened at $433.72 on Monday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The business has a 50-day moving average of $398.06 and a 200-day moving average of $341.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market capitalization of $1.44 trillion, a PE ratio of 289.15, a price-to-earnings-growth ratio of 15.45 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period last year, the business earned $0.72 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $483.00 target price on Tesla and gave the company a “buy” rating in a report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Monday, October 20th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday. BNP Paribas Exane began coverage on Tesla in a research note on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price objective for the company. Finally, Melius Research set a $520.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and eleven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $381.00.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last three months. Corporate insiders own 19.90% of the company’s stock.

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.