Keybank National Association OH Acquires 13,144 Shares of Tesla, Inc. $TSLA

Keybank National Association OH increased its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 24.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 66,692 shares of the electric vehicle producer’s stock after buying an additional 13,144 shares during the period. Keybank National Association OH’s holdings in Tesla were worth $24,793,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Networth Advisors LLC purchased a new position in Tesla in the fourth quarter valued at about $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the period. Finally, Prism Advisors Inc. purchased a new position in Tesla in the fourth quarter valued at approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Glj Research reissued a “sell” rating on shares of Tesla in a report on Friday, June 12th. Tigress Financial assumed coverage on Tesla in a research report on Monday, April 27th. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on Tesla in a research note on Friday, June 5th. They set a “buy” rating for the company. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesla in a report on Tuesday. Twenty-one analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $403.92.

Read Our Latest Stock Report on Tesla

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,015 shares of company stock valued at $12,383,640 over the last 90 days. 19.90% of the stock is owned by company insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Shares of TSLA opened at $393.45 on Friday. The stock’s 50-day simple moving average is $407.39 and its 200 day simple moving average is $411.79. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 360.96, a price-to-earnings-growth ratio of 15.61 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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