UMB Bank n.a. Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

UMB Bank n.a. increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,020 shares of the electric vehicle producer's stock after buying an additional 1,684 shares during the period. UMB Bank n.a.'s holdings in Tesla were worth $39,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tesla during the 4th quarter valued at $56,600,000. Stephens Consulting LLC raised its position in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its stake in Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. increased its position in shares of Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after purchasing an additional 60,342 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Canaccord Genuity Group cut their target price on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Benchmark reaffirmed a "buy" rating and set a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Mizuho boosted their price target on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird decreased their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Argus set a $410.00 target price on Tesla in a research note on Thursday, April 24th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $294.27.

Insider Activity at Tesla

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 of the company's stock, valued at approximately $305,632,276.20. This 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 business's stock in a transaction 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 sale, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 870,721 shares of company stock worth $286,248,728. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $295.14 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average price is $292.17 and its 200-day moving average price is $333.56. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The company has a market cap of $950.63 billion, a PE ratio of 144.68, a PEG ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results 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 company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the firm posted $0.45 EPS. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS 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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