Moody National Bank Trust Division Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Moody National Bank Trust Division boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,041 shares of the electric vehicle producer’s stock after acquiring an additional 804 shares during the quarter. Tesla accounts for approximately 0.5% of Moody National Bank Trust Division’s portfolio, making the stock its 21st largest holding. Moody National Bank Trust Division’s holdings in Tesla were worth $7,602,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the 3rd quarter valued at $27,000. GW&K Investment Management LLC bought a new position in shares of Tesla during the first quarter valued at about $30,000. St. Johns Investment Management Company LLC increased its holdings in shares of Tesla by 451.9% in the first quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock worth $31,000 after buying an additional 122 shares during the period. Worth Asset Management LLC bought a new stake in shares of Tesla in the 1st quarter valued at about $111,000. Finally, Magellan Asset Management Ltd purchased a new stake in Tesla during the 1st quarter valued at about $34,000. Institutional investors own 41.87% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $274.39 on Friday. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $313.80. The business’s fifty day simple moving average is $255.83 and its two-hundred day simple moving average is $220.11. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. The company has a market cap of $870.91 billion, a price-to-earnings ratio of 77.73, a P/E/G ratio of 4.30 and a beta of 2.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. The company had revenue of $24.93 billion during the quarter, compared to the consensus estimate of $24.22 billion. Tesla had a return on equity of 26.10% and a net margin of 12.97%. Tesla’s revenue for the quarter was up 47.2% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Research analysts anticipate that Tesla, Inc. will post 2.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tesla in a research note on Tuesday. Bank of America increased their price target on shares of Tesla from $225.00 to $300.00 in a research report on Thursday, July 6th. Robert W. Baird boosted their price objective on shares of Tesla from $252.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. UBS Group began coverage on Tesla in a research note on Tuesday. They issued a “neutral” rating and a $290.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on Tesla from $248.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday, July 3rd. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $239.43.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 2,500 shares of Tesla stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $276.35, for a total value of $690,875.00. Following the completion of the sale, the senior vice president now owns 62,938 shares of the company’s stock, valued at approximately $17,392,916.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 2,500 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $276.35, for a total value of $690,875.00. Following the transaction, the senior vice president now owns 62,938 shares of the company’s stock, valued at $17,392,916.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 3,750 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $278.70, for a total value of $1,045,125.00. Following the sale, the chief financial officer now owns 197,540 shares of the company’s stock, valued at $55,054,398. The disclosure for this sale can be found here. Insiders sold 55,815 shares of company stock valued at $14,384,135 over the last three months. Insiders own 25.10% of the company’s stock.

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. It 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, retail merchandise, and vehicle insurance services.