Bremer Bank National Association Has $268,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Bremer Bank National Association decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 663 shares of the electric vehicle producer’s stock after selling 128 shares during the quarter. Bremer Bank National Association’s holdings in Tesla were worth $268,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. UMB Bank n.a. raised its position in Tesla by 31.7% in the fourth quarter. UMB Bank n.a. now owns 151,336 shares of the electric vehicle producer’s stock worth $61,116,000 after purchasing an additional 36,409 shares in the last quarter. BlueSky Wealth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $244,000. Wealth Management Partners LLC lifted its position in shares of Tesla by 14.6% during the 4th quarter. Wealth Management Partners LLC now owns 16,669 shares of the electric vehicle producer’s stock worth $6,732,000 after buying an additional 2,123 shares during the period. LPF Advisors LLC acquired a new stake in Tesla in the 4th quarter valued at $220,000. Finally, M.E. Allison & CO. Inc. acquired a new position in Tesla during the fourth quarter worth $295,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 0.6 %

NASDAQ:TSLA opened at $424.07 on Wednesday. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 116.18, a PEG ratio of 8.60 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. The stock has a 50-day moving average price of $391.47 and a two-hundred day moving average price of $290.05. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its 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. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the prior year, the business earned $0.53 EPS. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Tesla, Inc. will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their price target on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their target price on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $304.94.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the 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 completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 621,886 shares of company stock worth $213,451,751 over the last quarter. 20.70% of the stock is currently 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.