First American Trust FSB Buys 103 Shares of Tesla, Inc. (NASDAQ:TSLA)

First American Trust FSB raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,534 shares of the electric vehicle producer’s stock after buying an additional 103 shares during the quarter. First American Trust FSB’s holdings in Tesla were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Eagle Capital Management LLC acquired a new position in shares of Tesla during the 4th quarter worth about $331,000. Brighton Jones LLC boosted its stake 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 buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of Tesla during the 4th quarter worth about $346,000. Finally, Highview Capital Management LLC DE acquired a new position in shares of Tesla during the 4th quarter worth about $2,367,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the transaction, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 602,724 shares of company stock worth $214,176,831 in the last three months. 20.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Argus reissued a “hold” rating on shares of Tesla in a report on Monday, June 9th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Barclays lowered their price target on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, Robert W. Baird reissued a “neutral” rating and issued a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $303.31.

Tesla Stock Performance

NASDAQ TSLA opened at $329.61 on Monday. The stock has a market cap of $1.06 trillion, a PE ratio of 190.53, a PEG ratio of 11.46 and a beta of 2.33. The firm’s fifty day moving average price is $318.68 and its two-hundred day moving average price is $306.71. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a fifty-two week low of $194.67 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. Tesla’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities analysts expect that Tesla, Inc. will post 2.56 EPS 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.