Tesla, Inc. (NASDAQ:TSLA) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,624 shares of the electric vehicle producer’s stock after selling 1,146 shares during the period. FineMark National Bank & Trust’s holdings in Tesla were worth $4,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TSLA. OLD Mission Capital LLC acquired a new stake in Tesla during the third quarter worth about $258,000. Ironwood Wealth Management LLC. grew its holdings in Tesla by 66.0% in the second quarter. Ironwood Wealth Management LLC. now owns 176 shares of the electric vehicle producer’s stock valued at $120,000 after purchasing an additional 70 shares during the period. Alerus Financial NA grew its holdings in Tesla by 155.5% in the third quarter. Alerus Financial NA now owns 11,268 shares of the electric vehicle producer’s stock valued at $8,738,000 after purchasing an additional 6,858 shares during the period. Van Leeuwen & Company LLC acquired a new stake in Tesla in the third quarter valued at approximately $506,000. Finally, Geode Capital Management LLC grew its holdings in Tesla by 7.0% in the third quarter. Geode Capital Management LLC now owns 13,169,939 shares of the electric vehicle producer’s stock valued at $10,183,430,000 after purchasing an additional 858,839 shares during the period. 40.64% of the stock is currently owned by hedge funds and other institutional investors.

TSLA has been the topic of several research analyst reports. Daiwa Capital Markets raised Tesla from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $980.00 to $900.00 in a report on Friday, February 25th. Tudor Pickering raised Tesla from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Barclays set a $325.00 price target on Tesla in a research note on Thursday, January 27th. Tudor, Pickering, Holt & Co. raised Tesla from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Finally, Canaccord Genuity Group lifted their price target on Tesla from $1,040.00 to $1,200.00 in a research note on Friday, January 28th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $920.78.

In other Tesla news, SVP Andrew D. Baglino sold 897 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $845.39, for a total transaction of $758,314.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $815.72, for a total value of $2,855,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,001 shares of company stock valued at $373,252,861. Insiders own 25.00% of the company’s stock.

TSLA traded down $15.99 on Monday, hitting $647.91. 508,339 shares of the company were exchanged, compared to its average volume of 27,016,482. Tesla, Inc. has a twelve month low of $571.22 and a twelve month high of $1,243.49. The company has a market cap of $671.24 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 2.27 and a beta of 2.11. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $929.01 and a two-hundred day moving average price of $963.93.

Tesla (NASDAQ:TSLAGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $1.22. The business had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $17.84 billion. Tesla had a return on equity of 28.11% and a net margin of 13.51%. The business’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts expect that Tesla, Inc. will post 10.39 EPS for the current year.

Tesla Company Profile (Get Rating)

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.

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