Parkside Financial Bank & Trust Purchases 9,952 Shares of Tesla, Inc. (NASDAQ:TSLA)

Parkside Financial Bank & Trust increased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 176.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,608 shares of the electric vehicle producer’s stock after purchasing an additional 9,952 shares during the period. Tesla makes up 0.7% of Parkside Financial Bank & Trust’s investment portfolio, making the stock its 29th largest holding. Parkside Financial Bank & Trust’s holdings in Tesla were worth $3,878,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. purchased a new stake in Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC raised its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its position in Tesla by 94.5% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. raised 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 during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $18.17 during trading hours on Wednesday, reaching $162.85. 40,143,878 shares of the stock traded hands, compared to its average volume of 101,141,484. The company has a market capitalization of $518.64 billion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 3.75 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company’s 50-day simple moving average is $176.81 and its two-hundred day simple moving average is $209.24.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for 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 business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred 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 directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred 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 directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TSLA. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Tesla in a research report on Friday, April 19th. Wells Fargo & Company decreased their target price on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lowered Tesla from a “buy” rating to a “hold” rating and decreased their target price for the company from $189.00 to $123.00 in a research report on Thursday, April 18th. Barclays decreased their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, Canaccord Genuity Group cut their price target on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $187.67.

Check Out Our Latest Analysis on TSLA

Tesla Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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