Security National Bank Has $45,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Security National Bank lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 53.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255 shares of the electric vehicle producer’s stock after selling 292 shares during the quarter. Security National Bank’s holdings in Tesla were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Apexium Financial LP lifted its position in Tesla by 736.8% during the 4th quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after buying an additional 21,972 shares in the last quarter. Mount Vernon Associates Inc. MD increased its position in shares of Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Tesla by 19.7% in the 4th quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after buying an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Tesla by 16.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after buying an additional 6,615 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its position in Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after acquiring an additional 598 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders have sold 104,855 shares of company stock worth $19,285,643 in the last 90 days. Insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th. Roth Mkm reissued a “neutral” rating and set a $85.00 price target on shares of Tesla in a research report on Wednesday, April 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Finally, Guggenheim reaffirmed a “sell” rating and set a $126.00 price objective on shares of Tesla in a research report on Tuesday. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $187.30.

Tesla Price Performance

Shares of TSLA traded up $8.86 during mid-day trading on Wednesday, reaching $196.21. The company had a trading volume of 78,551,781 shares, compared to its average volume of 95,374,273. The company has a market capitalization of $625.75 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 4.65 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company’s 50 day simple moving average is $175.02 and its 200 day simple moving average is $192.25. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Analysts expect that Tesla, Inc. will post 1.87 EPS for the current year.

Tesla Company 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.