Tesla, Inc. (NASDAQ:TSLA) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,222 shares of the electric vehicle producer’s stock after purchasing an additional 1,363 shares during the period. OLD National Bancorp IN’s holdings in Tesla were worth $6,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSLA. Transcendent Capital Group LLC purchased a new position in Tesla during the 3rd quarter worth $29,000. Clean Yield Group raised its holdings in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Tesla in the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Tesla during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 1.1 %

Shares of NASDAQ:TSLA opened at $404.60 on Monday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.30 trillion, a PE ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. The company has a fifty day simple moving average of $404.22 and a 200 day simple moving average of $299.34.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on TSLA shares. Wedbush boosted their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research report on Thursday, October 24th. Piper Sandler boosted their price target on Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Tesla in a research note on Thursday. Finally, Canaccord Genuity Group boosted their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $318.31.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the sale, the director now owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,386 shares of company stock worth $196,305,796. 20.70% of the stock is currently owned by insiders.

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.