Heartland Bank & Trust Co Purchases 49 Shares of Tesla, Inc. (NASDAQ:TSLA)

Heartland Bank & Trust Co grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,286 shares of the electric vehicle producer’s stock after purchasing an additional 49 shares during the quarter. Tesla makes up approximately 1.4% of Heartland Bank & Trust Co’s holdings, making the stock its 16th biggest holding. Heartland Bank & Trust Co’s holdings in Tesla were worth $2,539,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the 3rd quarter worth about $29,000. Clean Yield Group boosted its stake in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $35,000. M&R Capital Management Inc. increased its stake in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Finley Financial LLC acquired a new stake in Tesla in the fourth quarter worth $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $400.28 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The firm has a market cap of $1.28 trillion, a price-to-earnings ratio of 109.67, a P/E/G ratio of 8.42 and a beta of 2.30. The stock’s fifty day moving average price is $401.98 and its two-hundred day moving average price is $297.28. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. On average, equities analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $300.37, for a total value of $2,402,960.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $31,548,461.84. The trade was a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 553,386 shares of company stock worth $196,305,796 in the last quarter. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. UBS Group upped their price objective on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday. 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 report on Wednesday, December 11th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Robert W. Baird lowered their target price on Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Barclays lifted their price target on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $318.31.

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.