Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Oakworth Capital Inc.

Oakworth Capital Inc. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 200.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the electric vehicle producer’s stock after buying an additional 1,500 shares during the quarter. Oakworth Capital Inc.’s holdings in Tesla were worth $597,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of Tesla by 196.4% during the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after purchasing an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tesla by 10.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after purchasing an additional 1,317,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Tesla by 189.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after purchasing an additional 6,125,732 shares in the last quarter. Northern Trust Corp grew its holdings in Tesla by 2.5% in the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock valued at $9,455,380,000 after buying an additional 216,282 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Tesla by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 5,418,585 shares of the electric vehicle producer’s stock valued at $3,648,999,000 after buying an additional 308,731 shares in the last quarter. 43.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $222.50, for a total value of $834,597.50. Following the sale, the chief financial officer now owns 185,276 shares of the company’s stock, valued at approximately $41,223,910. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Zachary Kirkhorn sold 3,751 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $222.50, for a total value of $834,597.50. Following the transaction, the chief financial officer now owns 185,276 shares in the company, valued at approximately $41,223,910. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $117.50, for a total value of $1,233,750.00. Following the completion of the transaction, the senior vice president now owns 64,259 shares in the company, valued at approximately $7,550,432.50. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309 in the last quarter. Corporate insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TSLA shares. Cowen dropped their target price on Tesla from $205.00 to $122.00 in a report on Tuesday, January 3rd. Evercore ISI dropped their target price on Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, December 20th. Wells Fargo & Company dropped their target price on Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, January 13th. Piper Sandler dropped their target price on Tesla from $340.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on Tesla from $304.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, December 22nd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $218.29.

Tesla Price Performance

TSLA stock opened at $127.17 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The firm has a market capitalization of $401.57 billion, a P/E ratio of 39.29, a P/E/G ratio of 0.95 and a beta of 2.02. The business’s 50-day moving average is $151.97 and its two-hundred day moving average is $222.67. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29.

Tesla (NASDAQ:TSLA – Get Rating) last posted its quarterly earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $21.45 billion for the quarter, compared to analyst estimates of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. Tesla’s revenue for the quarter was up 55.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Analysts anticipate that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Tesla Company Profile

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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.