Baker Boyer National Bank Purchases 192 Shares of Tesla, Inc. (NASDAQ:TSLA)

Baker Boyer National Bank grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,853 shares of the electric vehicle producer’s stock after acquiring an additional 192 shares during the period. Baker Boyer National Bank’s holdings in Tesla were worth $565,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank & Trust Co bought a new position in Tesla during the 2nd quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the fourth quarter valued at approximately $37,000. Kessler Investment Group LLC lifted its stake in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 51 shares during the period. Aspect Partners LLC boosted its holdings in Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Tesla during the 2nd quarter valued at $42,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.10% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $210.73 on Monday. The stock has a 50-day moving average price of $224.47 and a 200 day moving average price of $193.59. The stock has a market capitalization of $673.21 billion, a P/E ratio of 53.76, a P/E/G ratio of 5.57 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. UBS Group cut shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price target for the company from $147.00 to $197.00 in a research report on Friday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research report on Thursday. Mizuho upped their price target on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Wolfe Research initiated coverage on shares of Tesla in a report on Thursday. They set a “peer perform” rating on the stock. Finally, Citigroup decreased their price target on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Nine investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $204.21.

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.