Tesla, Inc. (NASDAQ:TSLA) Position Increased by Field & Main Bank

Field & Main Bank increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 653.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,297 shares of the electric vehicle producer's stock after acquiring an additional 1,992 shares during the quarter. Field & Main Bank's holdings in Tesla were worth $595,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSLA. Kooman & Associates raised its position in Tesla by 2.4% during the fourth quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock valued at $480,000 after buying an additional 28 shares during the period. Rinkey Investments increased its holdings in shares of Tesla by 3.5% in the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares during the period. New England Capital Financial Advisors LLC increased its holdings in shares of Tesla by 2.6% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock valued at $483,000 after purchasing an additional 30 shares during the period. Ndwm LLC increased its stake in Tesla by 0.8% in the 4th quarter. Ndwm LLC now owns 3,563 shares of the electric vehicle producer's stock valued at $1,439,000 after buying an additional 30 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in Tesla by 1.3% in the 4th quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer's stock valued at $945,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 3.8%

TSLA stock opened at $327.55 on Thursday. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a market cap of $1.06 trillion, a PE ratio of 179.97, a price-to-earnings-growth ratio of 12.73 and a beta of 2.47. The business's 50-day simple moving average is $311.59 and its 200 day simple moving average is $331.45. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the business posted $0.45 EPS. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TSLA. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Argus reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 9th. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and upped their target price for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Canaccord Genuity Group dropped their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Cantor Fitzgerald dropped their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $294.58.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president now directly owns 67,600 shares in the company, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia acquired 4,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the acquisition, the director now directly owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 833,509 shares of company stock worth $278,648,925 over the last 90 days. Corporate 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.

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