First Hawaiian Bank Has $4.33 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

First Hawaiian Bank lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,724 shares of the electric vehicle producer’s stock after purchasing an additional 1,573 shares during the period. First Hawaiian Bank’s holdings in Tesla were worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TSLA. Acadian Asset Management LLC raised its position in shares of Tesla by 39.9% in the second quarter. Acadian Asset Management LLC now owns 61,681 shares of the electric vehicle producer’s stock valued at $12,202,000 after buying an additional 17,592 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of Tesla by 14.8% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 1,485 shares of the electric vehicle producer’s stock valued at $294,000 after acquiring an additional 192 shares during the period. Global X Japan Co. Ltd. grew its holdings in shares of Tesla by 114.0% during the 2nd quarter. Global X Japan Co. Ltd. now owns 141,779 shares of the electric vehicle producer’s stock worth $28,055,000 after purchasing an additional 75,526 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Tesla by 20.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,041 shares of the electric vehicle producer’s stock worth $3,174,000 after purchasing an additional 2,745 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in Tesla by 1.3% in the second quarter. Royal London Asset Management Ltd. now owns 1,249,816 shares of the electric vehicle producer’s stock valued at $247,314,000 after purchasing an additional 16,451 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,442,856.32. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 514,886 shares of company stock worth $169,393,831. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on TSLA shares. The Goldman Sachs Group raised their target price on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Piper Sandler upped their target price on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Truist Financial reiterated a “hold” rating and issued a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. Finally, Barclays raised their price objective on Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $295.69.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA traded up $0.58 during mid-day trading on Wednesday, reaching $394.94. 71,782,939 shares of the company’s stock traded hands, compared to its average volume of 87,590,609. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The business has a 50-day simple moving average of $368.03 and a 200 day simple moving average of $277.49. The stock has a market cap of $1.27 trillion, a P/E ratio of 108.20, a PEG ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the company posted $0.53 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 1.99 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.