BOK Financial Private Wealth Inc. Acquires 360 Shares of Tesla, Inc. (NASDAQ:TSLA)

BOK Financial Private Wealth Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 30.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,557 shares of the electric vehicle producer’s stock after buying an additional 360 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Tesla were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Wyrmwood Management LLC acquired a new stake in Tesla during the fourth quarter worth approximately $25,000. Lam Group Inc. bought a new position in shares of Tesla in the 4th quarter worth about $25,000. Mendota Financial Group LLC raised its position in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Tesla in the 4th quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. increased its position in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 2.1 %

Shares of TSLA stock traded up $5.13 on Friday, hitting $251.52. 154,501,152 shares of the stock traded hands, compared to its average volume of 82,893,608. The firm’s 50-day moving average price is $185.76 and its two-hundred day moving average price is $191.70. Tesla, Inc. has a twelve month low of $138.80 and a twelve month 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 stock has a market capitalization of $802.15 billion, a PE ratio of 64.16, a PEG ratio of 6.11 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSLA shares. Stifel Nicolaus started coverage on Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. Jefferies Financial Group lowered their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Barclays lowered their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. New Street Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Tesla in a report on Tuesday, June 25th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $162.00 price target on shares of Tesla in a report on Wednesday. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $192.71.

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.