Crews Bank & Trust Increases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Crews Bank & Trust grew its position in Tesla, Inc. (NASDAQ:TSLA) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323 shares of the electric vehicle producer’s stock after purchasing an additional 97 shares during the period. Crews Bank & Trust’s holdings in Tesla were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Heartland Bank & Trust Co increased its holdings in Tesla by 17.0% during the first quarter. Heartland Bank & Trust Co now owns 7,352 shares of the electric vehicle producer’s stock worth $1,905,000 after buying an additional 1,066 shares during the last quarter. Cyr Financial Inc. increased its holdings in Tesla by 28.8% during the first quarter. Cyr Financial Inc. now owns 1,892 shares of the electric vehicle producer’s stock worth $490,000 after buying an additional 423 shares during the last quarter. Masso Torrence Wealth Management Inc. increased its holdings in Tesla by 2.9% during the first quarter. Masso Torrence Wealth Management Inc. now owns 5,881 shares of the electric vehicle producer’s stock worth $1,524,000 after buying an additional 164 shares during the last quarter. MPS Loria Financial Planners LLC increased its holdings in Tesla by 6.5% during the first quarter. MPS Loria Financial Planners LLC now owns 1,534 shares of the electric vehicle producer’s stock worth $398,000 after buying an additional 93 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC increased its holdings in Tesla by 3.7% during the first quarter. Rappaport Reiches Capital Management LLC now owns 3,704 shares of the electric vehicle producer’s stock worth $960,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSLA. Truist Financial set a $280.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. Royal Bank Of Canada decreased their price objective on shares of Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, April 24th. Benchmark reiterated a “buy” rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Raymond James Financial downgraded shares of Tesla to an “outperform” rating in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $293.67.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $24,274,300. This trade represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 833,509 shares of company stock worth $278,648,925 over the last three months. 20.70% of the stock is owned by insiders.

Tesla Trading Up 0.0%

Shares of Tesla stock opened at $322.16 on Monday. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The firm has a market cap of $1.04 trillion, a PE ratio of 177.01, a PEG ratio of 12.05 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The company has a 50 day simple moving average of $306.22 and a two-hundred day simple moving average of $331.70.

Tesla (NASDAQ:TSLA) last announced 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 net margin of 6.66% and a return on equity of 9.02%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 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.