Commerzbank Aktiengesellschaft FI Has $9.62 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Commerzbank Aktiengesellschaft FI boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,816 shares of the electric vehicle producer’s stock after purchasing an additional 1,379 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Tesla were worth $9,618,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in Tesla during the 3rd quarter worth $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla during the 4th quarter worth $46,000. PayPay Securities Corp boosted its holdings in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after acquiring an additional 69 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Tesla during the 3rd quarter worth $35,000. Finally, Finley Financial LLC purchased a new position in Tesla during the 4th quarter worth $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSLA shares. Mizuho reaffirmed an “outperform” rating and set a $515.00 price objective on shares of Tesla in a report on Thursday, January 30th. Robert W. Baird cut their price objective on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus cut their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Piper Sandler boosted their price target on shares of Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $315.33.

Insider Buying and Selling

In other Tesla news, 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 completion of the sale, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,996 shares of company stock worth $118,467,387. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 4.4 %

TSLA stock opened at $272.11 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $378.63 and its 200 day moving average is $318.40. The stock has a market cap of $875.24 billion, a price-to-earnings ratio of 133.39, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.