Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 54.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260 shares of the electric vehicle producer’s stock after selling 310 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Tesla were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC raised 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 acquiring an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Tesla in the fourth quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock valued at $19,285,643 in the last three months. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Up 0.2 %

Shares of TSLA stock opened at $197.88 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The firm’s 50-day moving average is $177.80 and its 200-day moving average is $192.03. The stock has a market cap of $631.08 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 4.90 and a beta of 2.32.

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

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. Truist Financial lowered their price objective on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Evercore ISI lowered their price target on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, April 29th. Citigroup reissued a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Wednesday, April 24th. Finally, Wells Fargo & Company dropped their price target on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.30.

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.