Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Community Bank N.A.

Community Bank N.A. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 908 shares of the electric vehicle producer’s stock after buying an additional 38 shares during the quarter. Community Bank N.A.’s holdings in Tesla were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TSLA. Apella Capital LLC raised its stake in shares of Tesla by 9.9% during the 2nd quarter. Apella Capital LLC now owns 3,530 shares of the electric vehicle producer’s stock valued at $699,000 after buying an additional 318 shares during the last quarter. Cullinan Associates Inc. raised its position in Tesla by 15.8% during the second quarter. Cullinan Associates Inc. now owns 27,600 shares of the electric vehicle producer’s stock valued at $5,461,000 after acquiring an additional 3,769 shares in the last quarter. NBC Securities Inc. lifted its holdings in Tesla by 50.7% in the second quarter. NBC Securities Inc. now owns 4,361 shares of the electric vehicle producer’s stock valued at $862,000 after acquiring an additional 1,467 shares during the period. Greenfield Savings Bank boosted its position in Tesla by 25.7% in the 2nd quarter. Greenfield Savings Bank now owns 4,173 shares of the electric vehicle producer’s stock worth $826,000 after purchasing an additional 852 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its stake in shares of Tesla by 14.9% during the 2nd quarter. Aprio Wealth Management LLC now owns 6,761 shares of the electric vehicle producer’s stock worth $1,338,000 after purchasing an additional 875 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSLA. Cantor Fitzgerald reissued a “neutral” rating and set a $245.00 price target on shares of Tesla in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Piper Sandler lifted their price target on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their price target on Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $243.75.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 301,187 shares of company stock worth $92,956,692 over the last three months. Insiders own 20.70% of the company’s stock.

Tesla Stock Up 3.5 %

TSLA stock opened at $357.09 on Tuesday. Tesla, Inc. has a one year low of $138.80 and a one year high of $361.93. The firm has a market cap of $1.15 trillion, a PE ratio of 97.83, a PEG ratio of 11.21 and a beta of 2.36. The firm’s 50 day moving average price is $274.55 and its 200-day moving average price is $232.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 1.99 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.