HTLF Bank Purchases Shares of 1,103 Tesla, Inc. (NASDAQ:TSLA)

HTLF Bank bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,103 shares of the electric vehicle producer's stock, valued at approximately $445,000.

Other hedge funds have also recently bought and sold shares of the company. Hengehold Capital Management LLC increased its stake in shares of Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after acquiring an additional 24 shares during the last quarter. Strategic Investment Advisors MI increased its stake in shares of Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after acquiring an additional 24 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after acquiring an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD increased its stake in shares of Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after acquiring an additional 25 shares during the last quarter. Finally, Prospect Financial Services LLC increased its stake in shares of Tesla by 0.3% in the fourth quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock worth $3,029,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reissued a "neutral" rating and set a $365.00 target price on shares of Tesla in a research report on Wednesday, January 29th. Wedbush increased their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group increased their target price on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Finally, Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and increased their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $326.50.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Down 0.0 %

Shares of NASDAQ TSLA traded down $0.10 during midday trading on Friday, reaching $355.84. 68,000,576 shares of the stock were exchanged, compared to its average volume of 67,880,264. The business has a 50-day simple moving average of $406.31 and a two-hundred day simple moving average of $308.24. The company has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, equities research analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

Tesla Company 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.