Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,961 shares of the electric vehicle producer’s stock after acquiring an additional 399 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Tesla were worth $1,600,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. lifted its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. lifted its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC acquired a new position in Tesla in the fourth quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 4th quarter worth approximately $38,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $25,466,850. This represents a 56.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $9,435,464.50. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a “buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 23rd. Barclays reduced their target price on Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Glj Research reaffirmed a “sell” rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $289.43.

Tesla Stock Performance

NASDAQ TSLA opened at $343.82 on Wednesday. The stock has a market cap of $1.11 trillion, a PE ratio of 168.54, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The stock has a fifty day simple moving average of $271.29 and a 200-day simple moving average of $331.39.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company posted $0.45 EPS. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.