Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 176.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,608 shares of the electric vehicle producer’s stock after purchasing an additional 9,952 shares during the period. Tesla comprises approximately 0.7% of Parkside Financial Bank & Trust’s portfolio, making the stock its 29th largest position. Parkside Financial Bank & Trust’s holdings in Tesla were worth $3,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. City State Bank lifted its stake in shares of Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock valued at $315,000 after buying an additional 40 shares during the period. Opal Wealth Advisors LLC increased its position in shares of Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after acquiring an additional 42 shares in the last quarter. Holderness Investments Co. grew its holdings in Tesla by 1.6% during the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in Tesla by 1.3% during the 3rd quarter. Wagner Wealth Management LLC now owns 3,384 shares of the electric vehicle producer’s stock valued at $847,000 after purchasing an additional 44 shares in the last quarter. Finally, SCS Capital Management LLC grew its holdings in Tesla by 0.3% during the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Citigroup cut their price objective on shares of Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein dropped their price target on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 26th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a research note on Friday, April 19th. Finally, Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $187.67.

Tesla Stock Up 12.6 %

NASDAQ TSLA traded up $18.17 during trading on Wednesday, reaching $162.85. The company’s stock had a trading volume of 40,143,878 shares, compared to its average volume of 101,141,484. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $518.64 billion, a PE ratio of 37.09, a PEG ratio of 3.75 and a beta of 2.39. The business has a 50-day moving average price of $176.81 and a 200-day moving average price of $209.24. Tesla, Inc. has a 1-year low of $138.80 and a 1-year 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 analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by company insiders.

Tesla Company 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.