Security National Bank of SO Dak Acquires New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Security National Bank of SO Dak purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,198 shares of the electric vehicle producer's stock, valued at approximately $310,000.

Other hedge funds have also bought and sold shares of the company. Financial Counselors Inc. grew its position in shares of Tesla by 10.9% in the first quarter. Financial Counselors Inc. now owns 195,177 shares of the electric vehicle producer's stock valued at $50,582,000 after purchasing an additional 19,109 shares during the period. YANKCOM Partnership boosted its stake in Tesla by 18.8% during the 1st quarter. YANKCOM Partnership now owns 4,182 shares of the electric vehicle producer's stock worth $1,084,000 after purchasing an additional 661 shares during the last quarter. Callan Capital LLC boosted its stake in Tesla by 1.0% during the 1st quarter. Callan Capital LLC now owns 19,240 shares of the electric vehicle producer's stock worth $4,986,000 after purchasing an additional 184 shares during the last quarter. BOCHK Asset Management Ltd boosted its stake in Tesla by 45.4% during the 1st quarter. BOCHK Asset Management Ltd now owns 887 shares of the electric vehicle producer's stock worth $230,000 after purchasing an additional 277 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its position in Tesla by 8.1% during the first quarter. Capital Advisors Inc. OK now owns 16,995 shares of the electric vehicle producer's stock worth $4,404,000 after acquiring an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TSLA shares. Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Royal Bank Of Canada lowered their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $500.00 price target on shares of Tesla in a research report on Tuesday. Finally, Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and an average price target of $301.13.

Tesla Stock Performance

Shares of Tesla stock traded up $8.59 during trading on Tuesday, reaching $302.53. The company's stock had a trading volume of 43,675,764 shares, compared to its average volume of 100,826,284. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm has a market cap of $974.43 billion, a PE ratio of 166.05, a P/E/G ratio of 9.17 and a beta of 2.39. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The company has a 50-day moving average price of $321.10 and a two-hundred day moving average price of $323.46.

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

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director directly owned 85,000 shares of the company's stock, valued at $23,300,200. This represents a 56.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 829,509 shares of company stock valued at $277,648,925. Insiders own 20.70% of the company's stock.

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.