First Western Trust Bank Acquires 302 Shares of Tesla, Inc. $TSLA

First Western Trust Bank boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,368 shares of the electric vehicle producer’s stock after purchasing an additional 302 shares during the quarter. First Western Trust Bank’s holdings in Tesla were worth $435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC grew its stake in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares during the period. Edgestream Partners L.P. increased its holdings in shares of Tesla by 43.0% during the first quarter. Edgestream Partners L.P. now owns 14,107 shares of the electric vehicle producer’s stock valued at $3,656,000 after acquiring an additional 4,242 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position in shares of Tesla by 23.6% during the first quarter. Tectonic Advisors LLC now owns 786 shares of the electric vehicle producer’s stock worth $204,000 after purchasing an additional 150 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Tesla stock opened at $430.60 on Thursday. The stock has a market cap of $1.43 trillion, a P/E ratio of 287.07, a P/E/G ratio of 16.84 and a beta of 2.06. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average price is $427.33 and its two-hundred day moving average price is $359.18. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BNP Paribas Exane began coverage on shares of Tesla in a research report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price target for the company. UBS Group reissued a “sell” rating on shares of Tesla in a research report on Friday, November 7th. Bank of America upped their target price on shares of Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Tesla in a research note on Thursday, October 23rd. Finally, Roth Capital set a $505.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $391.08.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is 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.