Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by First National Corp MA ADV

First National Corp MA ADV lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 30.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,401 shares of the electric vehicle producer’s stock after buying an additional 323 shares during the period. First National Corp MA ADV’s holdings in Tesla were worth $348,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TSLA. Norges Bank bought a new position in shares of Tesla during the fourth quarter worth about $3,459,540,000. Moneta Group Investment Advisors LLC grew its position in shares of Tesla by 180,125.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock worth $3,307,602,000 after acquiring an additional 26,836,879 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Tesla by 203.9% during the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock worth $5,360,358,000 after acquiring an additional 13,558,882 shares during the last quarter. Morgan Stanley grew its position in shares of Tesla by 26.3% during the fourth quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock worth $3,132,119,000 after acquiring an additional 5,292,464 shares during the last quarter. Finally, State Street Corp lifted its holdings in Tesla by 4.4% in the second quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock worth $27,254,286,000 after purchasing an additional 4,431,570 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders sold 198,598 shares of company stock valued at $36,952,434. 20.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. Wedbush reduced their price objective on shares of Tesla from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $298.00 price objective on shares of Tesla in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Finally, Guggenheim upped their price target on shares of Tesla from $125.00 to $132.00 and gave the company a “sell” rating in a report on Friday, December 15th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $204.63.

Tesla Price Performance

NASDAQ TSLA opened at $178.66 on Thursday. The company has a 50 day simple moving average of $188.49 and a 200-day simple moving average of $222.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a market capitalization of $568.99 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Equities research analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Tesla 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.