First National Corp MA ADV Acquires 323 Shares of Tesla, Inc. (NASDAQ:TSLA)

First National Corp MA ADV boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 30.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,401 shares of the electric vehicle producer’s stock after buying an additional 323 shares during the quarter. First National Corp MA ADV’s holdings in Tesla were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Tesla in the 4th quarter worth approximately $3,459,540,000. Moneta Group Investment Advisors LLC increased its holdings in Tesla by 180,125.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock worth $3,307,602,000 after acquiring an additional 26,836,879 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Tesla by 203.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock valued at $5,360,358,000 after buying an additional 13,558,882 shares in the last quarter. Morgan Stanley grew its holdings in Tesla by 26.3% during the 4th quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock valued at $3,132,119,000 after buying an additional 5,292,464 shares in the last quarter. Finally, State Street Corp grew its holdings in Tesla by 4.4% during the 2nd quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock valued at $27,254,286,000 after buying an additional 4,431,570 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock worth $36,952,434 in the last three months. 20.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TSLA shares. Barclays cut their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a report on Thursday, January 25th. JPMorgan Chase & Co. decreased their target price on Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. UBS Group decreased their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. China Renaissance assumed coverage on Tesla in a report on Monday, February 26th. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group decreased their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $204.63.

Tesla Stock Down 0.7 %

Shares of TSLA opened at $178.66 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The stock has a market capitalization of $568.99 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 4.01 and a beta of 2.41. The stock has a 50 day moving average price of $188.49 and a 200 day moving average price of $222.36.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

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.