First National Corp MA ADV Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

First National Corp MA ADV lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 151.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,029 shares of the electric vehicle producer's stock after purchasing an additional 1,223 shares during the quarter. First National Corp MA ADV's holdings in Tesla were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cranbrook Wealth Management LLC raised its position in Tesla by 6,000.0% during the 1st quarter. Cranbrook Wealth Management LLC now owns 427 shares of the electric vehicle producer's stock worth $111,000 after buying an additional 420 shares during the last quarter. Verum Partners LLC raised its position in Tesla by 2.7% during the 1st quarter. Verum Partners LLC now owns 7,216 shares of the electric vehicle producer's stock worth $1,870,000 after buying an additional 193 shares during the last quarter. Udine Wealth Management Inc. raised its position in Tesla by 6.9% during the 1st quarter. Udine Wealth Management Inc. now owns 10,514 shares of the electric vehicle producer's stock worth $2,725,000 after buying an additional 681 shares during the last quarter. Littlejohn Financial Services Inc. raised its position in Tesla by 588.4% during the 1st quarter. Littlejohn Financial Services Inc. now owns 4,220 shares of the electric vehicle producer's stock worth $1,094,000 after buying an additional 3,607 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its position in Tesla by 19.6% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,447 shares of the electric vehicle producer's stock worth $938,000 after buying an additional 566 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 3.7%

Shares of NASDAQ TSLA opened at $295.14 on Friday. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The stock has a market cap of $950.63 billion, a PE ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $292.17 and a 200 day moving average of $333.62.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction that occurred on 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 now owns 1,463,220 shares in the company, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 870,721 shares of company stock worth $286,248,728 in the last ninety days. 20.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSLA. Truist Financial set a $280.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. Roth Mkm cut their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Raymond James lowered shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Mizuho lifted their target price on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Piper Sandler set a $400.00 target price on shares of Tesla in a report on Tuesday, May 6th. Ten equities research 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 given a strong buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and an average target price of $294.27.

Tesla 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.

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