American National Bank & Trust Has $28,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

American National Bank & Trust lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 98.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108 shares of the electric vehicle producer's stock after selling 5,962 shares during the quarter. American National Bank & Trust's holdings in Tesla were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. True Wealth Design LLC grew its holdings in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares during the last quarter. Horrell Capital Management Inc. boosted its position in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. grew its stake in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC bought a new position in Tesla during the fourth quarter worth $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TSLA shares. Glj Research reissued a "sell" rating and set a $19.05 price objective (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $500.00 price target (up previously from $350.00) on shares of Tesla in a research note on Friday, May 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Bank of America decreased their target price on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Raymond James cut shares of Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Trading Down 3.5%

Shares of TSLA traded down $12.22 during trading hours on Wednesday, hitting $332.05. 97,758,015 shares of the stock traded hands, compared to its average volume of 98,216,372. The business has a fifty day moving average of $289.75 and a 200-day moving average of $334.35. 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 firm has a market capitalization of $1.07 trillion, a PE ratio of 162.77, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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). The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the business posted $0.45 EPS. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm'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 now owns 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $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. In the last 90 days, insiders sold 866,393 shares of company stock valued at $284,570,654. Company 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.