HTLF Bank Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

HTLF Bank bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,982 shares of the electric vehicle producer’s stock, valued at approximately $741,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wyrmwood Management LLC bought a new stake in shares of Tesla in the fourth quarter worth $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the fourth quarter worth $25,000. Alpha Paradigm Partners LLC bought a new stake in shares of Tesla in the third quarter worth $27,000. MayTech Global Investments LLC bought a new stake in shares of Tesla in the fourth quarter worth $30,000. Finally, Mendota Financial Group LLC grew its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last three months. Company insiders own 25.10% of the company’s stock.

Tesla Trading Down 1.9 %

Shares of TSLA stock opened at $147.05 on Friday. Tesla, Inc. has a 52-week low of $146.22 and a 52-week high of $299.29. The company has a 50-day simple moving average of $178.51 and a two-hundred day simple moving average of $211.48. The company has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 3.96 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. Mizuho reissued a “neutral” rating and issued a $195.00 price objective (down previously from $270.00) on shares of Tesla in a research note on Monday, March 25th. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. TD Cowen dropped their target price on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Tesla in a report on Friday. Finally, Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Ten investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $194.70.

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.