Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Intrust Bank NA

Intrust Bank NA lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 14,946 shares of the electric vehicle producer’s stock after selling 389 shares during the quarter. Intrust Bank NA’s holdings in Tesla were worth $3,714,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after purchasing an additional 3,453,078 shares during the period. Morgan Stanley lifted its stake in Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after buying an additional 2,177,397 shares in the last quarter. FMR LLC lifted its stake in Tesla by 0.9% in the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after buying an additional 269,182 shares in the last quarter. Northern Trust Corp lifted its stake in Tesla by 3.4% in the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after buying an additional 909,170 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Tesla by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,697,074 shares of the electric vehicle producer’s stock valued at $3,677,502,000 after buying an additional 496,299 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last quarter. 20.90% of the stock is currently owned by company insiders.

Tesla Stock Up 15.3 %

Shares of Tesla stock traded up $25.76 during midday trading on Monday, reaching $194.05. 241,614,129 shares of the company’s stock traded hands, compared to its average volume of 104,912,961. The company has a market cap of $618.86 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company’s 50 day simple moving average is $175.04 and its 200 day simple moving average is $207.22.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Wednesday, April 24th. Truist Financial lowered their price target on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Guggenheim reissued a “sell” rating and issued a $122.00 price objective on shares of Tesla in a research report on Tuesday, April 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $275.00 price objective on shares of Tesla in a research report on Monday. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $184.32.

Tesla 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.