Tesla, Inc. (NASDAQ:TSLA) Shares Sold by First National Corp MA ADV

First National Corp MA ADV cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 59.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 806 shares of the electric vehicle producer’s stock after selling 1,169 shares during the period. First National Corp MA ADV’s holdings in Tesla were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSLA. Transcendent Capital Group LLC acquired a new position in Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after buying an additional 187 shares during the period. Finley Financial LLC purchased a new stake in shares of Tesla during the 4th quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Tesla by 136.4% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock valued at $80,000 after buying an additional 176 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now owns 85,000 shares in the company, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $355.94 on Friday. The firm has a market cap of $1.14 trillion, a PE ratio of 174.48, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The firm’s 50-day simple moving average is $407.25 and its 200-day simple moving average is $306.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts forecast that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSLA. Piper Sandler boosted their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 price objective on shares of Tesla in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Finally, Mizuho reaffirmed an “outperform” rating and set a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $326.50.

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.