95 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, HoldingsChannel reports. The fund acquired 95 shares of the electric vehicle producer’s stock, valued at approximately $38,000.

Several other institutional investors have also added to or reduced their stakes in TSLA. Grantvest Financial Group LLC purchased a new position in shares of Tesla during the fourth quarter valued at about $512,000. Prudential Financial Inc. boosted its position in Tesla by 0.5% during the 4th quarter. Prudential Financial Inc. now owns 2,637,631 shares of the electric vehicle producer’s stock valued at $1,065,181,000 after acquiring an additional 13,001 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in shares of Tesla during the 4th quarter worth approximately $773,000. Woodmont Investment Counsel LLC bought a new position in shares of Tesla in the 4th quarter worth approximately $1,162,000. Finally, Clune & Associates LTD. purchased a new position in shares of Tesla in the 4th quarter valued at approximately $462,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 3.4 %

TSLA stock opened at $287.95 on Wednesday. The company has a market cap of $926.20 billion, a price-to-earnings ratio of 141.15, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business’s 50-day moving average is $330.52 and its two-hundred day moving average is $322.04. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 477,228 shares of company stock worth $166,849,043. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial upped their price target on Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Tesla in a report on Thursday, March 20th. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.93.

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.