1,060 Shares in Tesla Inc (TSLA) Acquired by Mutual of Omaha Bank Wealth Management
Mutual of Omaha Bank Wealth Management bought a new stake in Tesla Inc (NASDAQ:TSLA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,060 shares of the electric vehicle producer’s stock, valued at approximately $330,000.
A number of other large investors have also recently modified their holdings of TSLA. Jennison Associates LLC lifted its stake in Tesla by 17.1% in the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock valued at $1,053,158,000 after purchasing an additional 494,761 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Tesla by 77.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock valued at $197,922,000 after acquiring an additional 276,781 shares during the period. Ariose Capital Management Ltd bought a new position in Tesla in the 3rd quarter valued at about $30,733,000. Finally, Lord Abbett & CO. LLC raised its holdings in Tesla by 78.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 152,146 shares of the electric vehicle producer’s stock valued at $55,018,000 after acquiring an additional 67,120 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Several research analysts have weighed in on the stock. Berenberg Bank set a $470.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, February 8th. BidaskClub cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Tuesday. Dougherty & Co increased their price target on shares of Tesla from $340.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Vetr raised shares of Tesla from a “sell” rating to a “hold” rating and set a $336.07 price target on the stock in a report on Monday, February 5th. Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $324.20.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the firm earned ($0.69) earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. sell-side analysts forecast that Tesla Inc will post -15.15 earnings per share for the current year.
In related news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the transaction, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $313.25, for a total transaction of $543,802.00. Following the completion of the transaction, the vice president now directly owns 1,225 shares in the company, valued at $383,731.25. The disclosure for this sale can be found here. Insiders have sold 10,231 shares of company stock worth $3,292,431 over the last ninety days. Insiders own 23.10% of the company’s stock.
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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.
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