Parkside Financial Bank & Trust Purchases 256 Shares of Tesla, Inc. (NASDAQ:TSLA)

Parkside Financial Bank & Trust increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,274 shares of the electric vehicle producer’s stock after acquiring an additional 256 shares during the period. Tesla makes up approximately 0.9% of Parkside Financial Bank & Trust’s holdings, making the stock its 21st largest holding. Parkside Financial Bank & Trust’s holdings in Tesla were worth $6,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Swedbank AB increased its holdings in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after acquiring an additional 29,669 shares during the period. Foundation Wealth Management LLC purchased a new position in Tesla in the 3rd quarter worth approximately $225,000. Hills Bank & Trust Co purchased a new position in Tesla in the 3rd quarter worth approximately $137,000. Americana Partners LLC grew its stake in Tesla by 15.8% in the 3rd quarter. Americana Partners LLC now owns 3,589 shares of the electric vehicle producer’s stock worth $939,000 after buying an additional 491 shares in the last quarter. Finally, CacheTech Inc. grew its stake in Tesla by 24.5% in the 3rd quarter. CacheTech Inc. now owns 3,283 shares of the electric vehicle producer’s stock worth $859,000 after buying an additional 646 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 4.0 %

Shares of NASDAQ TSLA opened at $293.33 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The firm has a market capitalization of $943.49 billion, a PE ratio of 143.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The firm has a fifty day simple moving average of $385.35 and a two-hundred day simple moving average of $316.70.

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

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a research note on Tuesday, February 18th. Truist Financial boosted their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Barclays boosted their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Evercore ISI upped their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. Finally, Guggenheim reaffirmed a “sell” rating on shares of Tesla in a research note on Tuesday, February 25th. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $318.77.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock worth $195,995,200 in the last three months. 20.70% of the stock is owned by corporate 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.