Bank of Hawaii Has $3.68 Million Holdings in Tesla, Inc. $TSLA

Key Points

• Bank of Hawaii reduced its stake in Tesla, Inc. by 8.7% in Q1, holding 14,179 shares valued at approximately $3.68 million according to SEC filings.
• Insider transactions revealed that CFO Vaibhav Taneja sold 2,000 shares at an average price of $300, decreasing his ownership by 25.24%.
• Tesla reported a net margin of 6.54% for the last quarter, with revenue of $22.50 billion, marking an 11.8% decline year-over-year.

Bank of Hawaii lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 14,179 shares of the electric vehicle producer's stock after selling 1,344 shares during the period. Bank of Hawaii's holdings in Tesla were worth $3,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cherry Tree Wealth Management LLC boosted its position in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 44 shares during the last quarter. First PREMIER Bank boosted its holdings in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC grew its stake in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla in the first quarter valued at about $27,000. Finally, True Wealth Design LLC raised its holdings in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $340.01 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $321.27 and a two-hundred day simple moving average of $302.58. Tesla, Inc. has a 1-year low of $202.59 and a 1-year high of $488.54. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 196.54, a price-to-earnings-growth ratio of 11.82 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,777,200. This represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the transaction, the director owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 599,724 shares of company stock valued at $213,126,501. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSLA shares. Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Bank of America boosted their target price on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Robert W. Baird reaffirmed a "neutral" rating and issued a $320.00 target price on shares of Tesla in a report on Monday, June 9th. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fifteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $303.31.

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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