Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Intrust Bank NA

Intrust Bank NA lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,806 shares of the electric vehicle producer's stock after acquiring an additional 1,170 shares during the period. Intrust Bank NA's holdings in Tesla were worth $4,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hengehold Capital Management LLC lifted its position in shares of Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI increased its stake in Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after purchasing an additional 24 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD boosted its position in shares of Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares in the last quarter. Finally, Vista Finance LLC grew its stake in shares of Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after buying an additional 25 shares during the period. Institutional investors own 66.20% of the company's stock.

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Tesla Price Performance

TSLA traded up $15.05 on Tuesday, hitting $274.21. 77,770,322 shares of the company's stock traded hands, compared to its average volume of 96,535,000. The firm has a market cap of $882.01 billion, a price-to-earnings ratio of 133.95, a P/E/G ratio of 5.86 and a beta of 2.50. The company's 50 day simple moving average is $317.98 and its 200-day simple moving average is $323.21. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its 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, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,228 shares of company stock valued at $166,849,043. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group reiterated a "cautious" rating on shares of Tesla in a report on Monday, March 3rd. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and lifted their price target for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Tesla in a research report on Thursday, March 27th. Finally, Mizuho dropped their price objective on Tesla from $515.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $317.75.

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.