Associated Banc Corp Purchases 141 Shares of Tesla, Inc. (NASDAQ:TSLA)

Associated Banc Corp lifted its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,450 shares of the electric vehicle producer’s stock after purchasing an additional 141 shares during the quarter. Associated Banc Corp’s holdings in Tesla were worth $1,532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Wealth Alliance Advisory Group LLC bought a new stake in Tesla during the fourth quarter worth approximately $293,000. Wealthsource Partners LLC bought a new stake in Tesla during the third quarter worth approximately $3,065,000. Summit Trail Advisors LLC increased its stake in Tesla by 1.6% during the third quarter. Summit Trail Advisors LLC now owns 14,802 shares of the electric vehicle producer’s stock worth $11,479,000 after acquiring an additional 239 shares during the last quarter. PGGM Investments bought a new stake in Tesla during the fourth quarter worth approximately $12,596,000. Finally, Curi Wealth Management LLC bought a new stake in Tesla during the fourth quarter worth approximately $98,000. 40.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Canaccord Genuity Group upped their target price on Tesla from $1,040.00 to $1,200.00 in a research note on Friday, January 28th. Sanford C. Bernstein upped their target price on Tesla from $300.00 to $450.00 and gave the company an “underperform” rating in a research note on Monday, February 28th. Credit Suisse Group boosted their price target on Tesla from $1,025.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, April 19th. Jefferies Financial Group initiated coverage on Tesla in a report on Thursday, April 21st. They issued a “buy” rating and a $1,250.00 price target for the company. Finally, Oppenheimer boosted their price target on Tesla from $1,103.00 to $1,291.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $956.97.

Shares of NASDAQ:TSLA traded up $41.59 during trading on Friday, reaching $769.59. 30,659,473 shares of the company’s stock traded hands, compared to its average volume of 25,988,598. Tesla, Inc. has a fifty-two week low of $546.98 and a fifty-two week high of $1,243.49. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09. The firm has a market cap of $797.30 billion, a PE ratio of 104.42, a P/E/G ratio of 2.35 and a beta of 2.11. The company has a 50-day simple moving average of $939.30 and a 200-day simple moving average of $981.68.

Tesla (NASDAQ:TSLAGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The electric vehicle producer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.96. The firm had revenue of $18.76 billion for the quarter, compared to analyst estimates of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. Tesla’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 10.39 EPS for the current year.

In other Tesla news, SVP Andrew D. Baglino sold 3,500 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Vaibhav Taneja sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $1,141.94, for a total transaction of $1,484,522.00. Following the sale, the chief accounting officer now owns 25,985 shares of the company’s stock, valued at approximately $29,673,310.90. The disclosure for this sale can be found here. Insiders sold a total of 418,251 shares of company stock worth $374,394,436 over the last three months. Corporate insiders own 25.00% of the company’s stock.

About Tesla (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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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