Heartland Bank & Trust Co Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Heartland Bank & Trust Co lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,352 shares of the electric vehicle producer's stock after purchasing an additional 1,066 shares during the quarter. Tesla comprises approximately 1.0% of Heartland Bank & Trust Co's portfolio, making the stock its 22nd biggest position. Heartland Bank & Trust Co's holdings in Tesla were worth $1,905,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vista Capital Partners Inc. lifted its stake in shares of Tesla by 1.4% in the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after acquiring an additional 27 shares during the period. Blackston Financial Advisory Group LLC lifted its position in Tesla by 1.3% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock valued at $875,000 after purchasing an additional 27 shares during the period. Kooman & Associates boosted its holdings in Tesla by 2.4% in the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock valued at $480,000 after purchasing an additional 28 shares in the last quarter. Rinkey Investments increased its position in Tesla by 3.5% during the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock worth $347,000 after purchasing an additional 29 shares during the period. Finally, New England Capital Financial Advisors LLC raised its stake in shares of Tesla by 2.6% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock worth $483,000 after buying an additional 30 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and lifted their price target for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Canaccord Genuity Group decreased their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Bank of America lowered their price target on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. UBS Group reduced their price objective on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Finally, Glj Research restated a "sell" rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $293.67.

Insider Buying and Selling at Tesla

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director now directly owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock worth $278,648,925 in the last quarter. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $322.16 on Friday. The business's 50-day moving average price is $306.22 and its 200 day moving average price is $331.96. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a market capitalization of $1.04 trillion, a PE ratio of 177.01, a price-to-earnings-growth ratio of 12.05 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the business posted $0.45 earnings per share. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share 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.

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