Thomasville National Bank Trims Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Thomasville National Bank lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 17.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,208 shares of the electric vehicle producer’s stock after selling 260 shares during the quarter. Thomasville National Bank’s holdings in Tesla were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSLA. Clean Energy Transition LLP boosted its holdings in Tesla by 347.7% during the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer’s stock valued at $953,505,000 after acquiring an additional 6,764,300 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Tesla by 21,816.0% in the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer’s stock valued at $1,167,970,000 after purchasing an additional 5,875,484 shares during the period. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.7% in the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer’s stock valued at $41,064,917,000 after purchasing an additional 3,795,748 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Tesla by 236.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer’s stock worth $416,341,000 after buying an additional 1,479,378 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock worth $1,731,430,000 after buying an additional 1,125,329 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.6 %

Shares of Tesla stock opened at $219.16 on Tuesday. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The company has a market cap of $698.94 billion, a P/E ratio of 55.91, a PEG ratio of 6.48 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The firm has a fifty day moving average of $225.84 and a two-hundred day moving average of $204.27.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSLA shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. UBS Group lowered Tesla from a “neutral” rating to a “sell” rating and increased their price target for the company from $147.00 to $197.00 in a research report on Friday, July 12th. KGI Securities reissued a “neutral” rating and set a $236.00 price objective on shares of Tesla in a research report on Thursday, July 25th. Glj Research reaffirmed a “sell” rating and issued a $24.86 target price on shares of Tesla in a report on Thursday, September 26th. Finally, HSBC reiterated a “reduce” rating and set a $124.00 price target on shares of Tesla in a report on Friday. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $210.72.

Check Out Our Latest Analysis on Tesla

Insider Activity

In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock valued at $16,663,291 in the last three months. 25.10% of the stock is currently owned by company insiders.

Tesla Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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