AEGON ASSET MANAGEMENT UK Plc Has $88.90 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

AEGON ASSET MANAGEMENT UK Plc decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 220,251 shares of the electric vehicle producer’s stock after selling 13,010 shares during the period. Tesla comprises about 1.2% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 18th biggest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Tesla were worth $88,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the third quarter worth $29,000. Clean Yield Group lifted its stake in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Tesla during the 3rd quarter worth about $35,000. M&R Capital Management Inc. increased its holdings in shares of Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, Finley Financial LLC acquired a new position in shares of Tesla in the 4th quarter valued at about $64,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock valued at $212,451,751 over the last ninety days. 20.70% of the stock is owned by company insiders.

Tesla Price Performance

Shares of TSLA stock opened at $397.15 on Tuesday. The company has a market capitalization of $1.27 trillion, a P/E ratio of 108.81, a P/E/G ratio of 8.42 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a 50 day moving average of $398.82 and a two-hundred day moving average of $294.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wedbush boosted their price objective on shares of Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Royal Bank of Canada upped their price target on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Canaccord Genuity Group upped their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $313.84.

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.