Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Commerce Bank

Commerce Bank lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,441 shares of the electric vehicle producer’s stock after selling 36,698 shares during the quarter. Commerce Bank’s holdings in Tesla were worth $22,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the 4th quarter worth $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at about $25,000. Mendota Financial Group LLC boosted 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 valued at $34,000 after purchasing an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla in the 4th quarter worth about $37,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday. UBS Group lowered their price target on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Citigroup reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, June 12th. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $195.06.

Tesla Price Performance

Shares of TSLA stock traded up $3.06 on Wednesday, hitting $265.39. 82,186,305 shares of the company’s stock were exchanged, compared to its average volume of 98,343,367. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The company has a 50 day moving average of $188.52 and a 200 day moving average of $190.90. The stock has a market cap of $846.38 billion, a P/E ratio of 66.64, a price-to-earnings-growth ratio of 6.27 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. On average, equities research analysts predict that Tesla, Inc. will post 1.86 EPS for the current year.

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.