Hancock Whitney Corp Purchases 4,548 Shares of Tesla, Inc. (NASDAQ:TSLA)

Hancock Whitney Corp boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,487 shares of the electric vehicle producer’s stock after purchasing an additional 4,548 shares during the period. Hancock Whitney Corp’s holdings in Tesla were worth $11,054,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new stake in Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew its position in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Tesla during the 4th quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. grew its position in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $4.86 during mid-day trading on Tuesday, reaching $168.93. The company’s stock had a trading volume of 29,043,039 shares, compared to its average volume of 96,487,664. The stock has a 50-day moving average of $172.15 and a two-hundred day moving average of $196.77. The stock has a market capitalization of $538.75 billion, a P/E ratio of 43.28, a P/E/G ratio of 4.40 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, equities research analysts anticipate that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Evercore ISI dropped their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. HSBC dropped their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Truist Financial dropped their price objective on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Guggenheim reaffirmed a “sell” rating and issued a $122.00 price objective on shares of Tesla in a report on Tuesday, April 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.90.

Insider Activity

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 transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock worth $19,285,643 over the last three months. Insiders own 20.90% of the company’s stock.

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.