Parkside Financial Bank & Trust Has $6.57 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Parkside Financial Bank & Trust lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,274 shares of the electric vehicle producer’s stock after buying an additional 256 shares during the quarter. Tesla comprises about 0.9% of Parkside Financial Bank & Trust’s holdings, making the stock its 21st largest position. Parkside Financial Bank & Trust’s holdings in Tesla were worth $6,572,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bouchey Financial Group Ltd increased its position in shares of Tesla by 3.0% during the fourth quarter. Bouchey Financial Group Ltd now owns 3,057 shares of the electric vehicle producer’s stock worth $1,235,000 after buying an additional 89 shares during the period. Verus Capital Partners LLC increased its position in shares of Tesla by 6.5% during the fourth quarter. Verus Capital Partners LLC now owns 17,236 shares of the electric vehicle producer’s stock worth $6,961,000 after buying an additional 1,057 shares during the period. Fusion Capital LLC increased its position in shares of Tesla by 35.5% during the fourth quarter. Fusion Capital LLC now owns 1,054 shares of the electric vehicle producer’s stock worth $426,000 after buying an additional 276 shares during the period. A&I Financial Services LLC acquired a new stake in shares of Tesla during the fourth quarter worth $519,000. Finally, CORDA Investment Management LLC. increased its position in shares of Tesla by 5.5% during the fourth quarter. CORDA Investment Management LLC. now owns 5,312 shares of the electric vehicle producer’s stock worth $2,145,000 after buying an additional 277 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last three months. 20.70% of the stock is currently owned by insiders.

Tesla Stock Up 4.0 %

TSLA opened at $293.33 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market cap of $943.49 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s 50-day moving average price is $385.35 and its two-hundred day moving average price is $316.70.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSLA. Guggenheim restated a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. Truist Financial raised their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Glj Research restated a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Wednesday, February 12th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $318.77.

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.