Thomasville National Bank Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Thomasville National Bank lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 34.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,581 shares of the electric vehicle producer’s stock after buying an additional 402 shares during the quarter. Thomasville National Bank’s holdings in Tesla were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vista Finance LLC boosted its position in shares of Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after purchasing an additional 25 shares in the last quarter. Jmac Enterprises LLC boosted its holdings in Tesla by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer’s stock worth $1,569,000 after acquiring an additional 26 shares in the last quarter. TFB Advisors LLC grew its stake in shares of Tesla by 0.5% during the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer’s stock worth $2,105,000 after acquiring an additional 27 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in shares of Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock valued at $795,000 after acquiring an additional 27 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in shares of Tesla by 1.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock valued at $875,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 1.9%

Shares of TSLA opened at $325.31 on Friday. The firm has a market cap of $1.05 trillion, a P/E ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 12 month low of $176.92 and a 12 month high of $488.54. The stock’s 50 day moving average is $299.39 and its two-hundred day moving average is $332.88. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the business posted $0.45 EPS. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSLA. Robert W. Baird reissued a “neutral” rating and set a $320.00 target price on shares of Tesla in a research report on Monday, June 9th. Wedbush set a $500.00 target price on Tesla in a research report on Thursday, June 5th. Mizuho raised their target price on Tesla from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Baird R W downgraded Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Finally, Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $293.67.

Insider Activity

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director now owns 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 818,509 shares of company stock worth $273,791,775 over the last 90 days. 20.70% of the stock is currently owned by company insiders.

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.