CHICAGO TRUST Co NA Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

CHICAGO TRUST Co NA boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,521 shares of the electric vehicle producer’s stock after acquiring an additional 324 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Tesla were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. City State Bank boosted its stake in shares of Tesla by 4.6% during the 4th quarter. City State Bank now owns 2,866 shares of the electric vehicle producer’s stock worth $1,157,000 after purchasing an additional 126 shares during the period. Fiduciary Alliance LLC raised its holdings in shares of Tesla by 192.1% in the fourth quarter. Fiduciary Alliance LLC now owns 17,083 shares of the electric vehicle producer’s stock worth $6,899,000 after buying an additional 11,234 shares during the period. EWG Elevate Inc. lifted its stake in shares of Tesla by 4.5% during the 4th quarter. EWG Elevate Inc. now owns 3,669 shares of the electric vehicle producer’s stock worth $1,482,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co purchased a new position in Tesla during the 4th quarter valued at $184,000. Finally, Aprio Wealth Management LLC grew its position in Tesla by 7.7% in the 4th quarter. Aprio Wealth Management LLC now owns 7,813 shares of the electric vehicle producer’s stock valued at $3,155,000 after acquiring an additional 557 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock worth $213,451,751 over the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canaccord Genuity Group raised their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Finally, New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday, January 6th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $296.60.

Tesla Trading Down 1.4 %

NASDAQ TSLA traded down $5.49 on Monday, reaching $389.25. The stock had a trading volume of 33,424,942 shares, compared to its average volume of 76,198,703. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $376.60 and a two-hundred day moving average price of $281.84. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 106.64, a P/E/G ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

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.