Heartland Bank & Trust Co Sells 136 Shares of Tesla, Inc. (NASDAQ:TSLA)

Heartland Bank & Trust Co lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,237 shares of the electric vehicle producer’s stock after selling 136 shares during the quarter. Tesla comprises approximately 0.9% of Heartland Bank & Trust Co’s holdings, making the stock its 20th largest holding. Heartland Bank & Trust Co’s holdings in Tesla were worth $1,632,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSLA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Tesla by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer’s stock valued at $108,638,000 after acquiring an additional 206,248 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of Tesla by 138.1% in the 2nd quarter. Morse Asset Management Inc now owns 5,969 shares of the electric vehicle producer’s stock valued at $1,181,000 after purchasing an additional 3,462 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Tesla by 12.9% in the 2nd quarter. NewEdge Advisors LLC now owns 236,802 shares of the electric vehicle producer’s stock worth $46,858,000 after buying an additional 27,130 shares in the last quarter. Entropy Technologies LP acquired a new stake in Tesla in the 1st quarter valued at $1,941,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Tesla in the first quarter valued at $79,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Friday, October 11th. Piper Sandler upped their price objective on shares of Tesla from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Truist Financial lifted their target price on shares of Tesla from $215.00 to $236.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Friday, July 5th. Finally, Wolfe Research began coverage on Tesla in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $211.63.

Tesla Trading Down 2.0 %

Shares of NASDAQ:TSLA opened at $213.65 on Thursday. The stock has a market capitalization of $682.53 billion, a PE ratio of 60.01, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29. The company’s 50-day moving average price is $228.54 and its two-hundred day moving average price is $206.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.70% of the stock is owned by company insiders.

About Tesla

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.