KBC Group NV Buys 147 Shares of Tesla Inc. (TSLA)

KBC Group NV increased its stake in Tesla Inc. (NASDAQ:TSLA) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,080 shares of the electric vehicle producer’s stock after buying an additional 147 shares during the period. KBC Group NV’s holdings in Tesla were worth $10,515,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Winfield Associates Inc. increased its stake in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares during the last quarter. Acropolis Investment Management LLC bought a new stake in Tesla during the second quarter valued at $122,000. North Star Investment Management Corp. increased its stake in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in Tesla by 8.7% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after buying an additional 28 shares during the last quarter. Finally, Crestwood Advisors Group LLC bought a new stake in Tesla during the first quarter valued at $101,000. Institutional investors own 62.92% of the company’s stock.

Tesla Inc. (TSLA) opened at 347.46 on Monday. Tesla Inc. has a 12 month low of $178.19 and a 12 month high of $386.99. The stock’s 50 day moving average price is $339.22 and its 200-day moving average price is $310.81. The stock’s market cap is $57.99 billion.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned ($1.06) EPS. The company’s revenue for the quarter was up 119.6% on a year-over-year basis. Equities analysts expect that Tesla Inc. will post ($6.18) EPS for the current year.

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Several analysts recently weighed in on the company. UBS AG restated a “sell” rating and issued a $160.00 price target on shares of Tesla in a research note on Wednesday, May 3rd. Vetr downgraded Tesla from a “buy” rating to a “hold” rating and set a $371.10 target price on the stock. in a research note on Wednesday, August 9th. Morgan Stanley increased their target price on Tesla from $305.00 to $317.00 and gave the company an “equal weight” rating in a research note on Monday, August 14th. Robert W. Baird reiterated an “outperform” rating and set a $411.00 target price (up from $368.00) on shares of Tesla in a research note on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, August 9th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $310.84.

In related news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the completion of the transaction, the director now owns 160,274 shares in the company, valued at approximately $51,505,652.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.10% of the stock is owned by corporate insiders.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.