Bokf Na Has $17.91 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Bokf Na boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,089 shares of the electric vehicle producer’s stock after buying an additional 2,724 shares during the quarter. Bokf Na’s holdings in Tesla were worth $17,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC boosted its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla in the fourth quarter valued at approximately $37,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,855 shares of company stock valued at $19,285,643. 20.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial cut their price target on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. The Goldman Sachs Group cut their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Cantor Fitzgerald initiated coverage on Tesla in a research note on Thursday, May 2nd. They set an “overweight” rating and a $230.00 target price for the company. China Renaissance initiated coverage on Tesla in a research note on Monday, February 26th. They set a “hold” rating for the company. Finally, Canaccord Genuity Group dropped their price target on Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.90.

Tesla Stock Down 3.1 %

Shares of TSLA stock traded down $5.42 on Tuesday, reaching $168.37. 33,197,039 shares of the company were exchanged, compared to its average volume of 96,524,758. The company has a market cap of $536.97 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 4.40 and a beta of 2.32. The company has a 50-day moving average of $172.15 and a 200-day moving average of $196.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Analysts anticipate that Tesla, Inc. will post 1.87 earnings per share for the current year.

About Tesla

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.