95 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95 shares of the electric vehicle producer’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSLA. Grantvest Financial Group LLC purchased a new position in Tesla in the fourth quarter valued at approximately $512,000. Prudential Financial Inc. increased its position in Tesla by 0.5% in the fourth quarter. Prudential Financial Inc. now owns 2,637,631 shares of the electric vehicle producer’s stock worth $1,065,181,000 after buying an additional 13,001 shares during the last quarter. Jackson Thornton Wealth Management LLC bought a new stake in shares of Tesla in the fourth quarter valued at $773,000. Woodmont Investment Counsel LLC purchased a new position in shares of Tesla during the 4th quarter valued at $1,162,000. Finally, Clune & Associates LTD. bought a new position in shares of Tesla during the 4th quarter worth $462,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of Tesla stock opened at $287.95 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a fifty day moving average of $330.52 and a 200-day moving average of $322.04. The stock has a market capitalization of $926.20 billion, a price-to-earnings ratio of 141.15, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of several recent research reports. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $380.00 in a report on Monday, December 2nd. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Glj Research reiterated a “buy” rating on shares of Tesla in a research note on Tuesday, March 11th. Guggenheim dropped their target price on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America reduced their price target on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $318.93.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 477,228 shares of company stock worth $166,849,043 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla 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.