Thomasville National Bank Buys 402 Shares of Tesla, Inc. (NASDAQ:TSLA)

Thomasville National Bank lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 34.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Group Ltd. purchased a new position in shares of Tesla during the 4th quarter valued at $275,000. Comprehensive Financial Planning Inc. PA bought a new stake in Tesla during the fourth quarter valued at about $1,361,000. Tallon Kerry Patrick purchased a new position in shares of Tesla in the fourth quarter valued at about $374,000. Eagle Capital Management LLC bought a new position in shares of Tesla in the fourth quarter worth about $331,000. Finally, Brighton Jones LLC grew its position in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

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

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

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price target on Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $410.00 target price on shares of Tesla in a research note on Friday, June 6th. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an “underperform” rating in a report on Wednesday, April 16th. Finally, Bank of America cut their price objective on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $293.67.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 818,509 shares of company stock valued at $273,791,775. Corporate insiders own 20.70% of the company’s stock.

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.