Bokf Na Sells 2,478 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bokf Na cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,444 shares of the electric vehicle producer's stock after selling 2,478 shares during the quarter. Bokf Na's holdings in Tesla were worth $27,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Capital Inc. purchased a new position in shares of Tesla in the 4th quarter valued at $6,104,000. Captrust Financial Advisors grew its stake in Tesla by 9.6% in the fourth quarter. Captrust Financial Advisors now owns 299,275 shares of the electric vehicle producer's stock valued at $120,859,000 after purchasing an additional 26,223 shares during the last quarter. Cardiff Park Advisors LLC raised its holdings in Tesla by 0.6% in the fourth quarter. Cardiff Park Advisors LLC now owns 11,742 shares of the electric vehicle producer's stock worth $4,742,000 after purchasing an additional 74 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Tesla during the fourth quarter valued at about $3,196,000. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of Tesla in the 4th quarter valued at about $17,777,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLA. Robert W. Baird reduced their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. StockNews.com cut Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $287.46.

Tesla Stock Down 2.4 %

Tesla stock opened at $280.26 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $902.71 billion, a PE ratio of 137.38, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The business has a 50 day simple moving average of $258.60 and a 200-day simple moving average of $326.33. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares of the company's stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 367,228 shares of company stock worth $110,043,434. Insiders own 20.70% of the company's stock.

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.

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