First National Trust Co Reduces Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

First National Trust Co decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,659 shares of the electric vehicle producer’s stock after selling 2,096 shares during the period. First National Trust Co’s holdings in Tesla were worth $13,085,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the fourth quarter worth $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC lifted its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. bought a new position in shares of Tesla in the third quarter worth $53,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 0.7 %

Shares of Tesla stock traded up $1.18 during trading on Friday, reaching $181.19. 75,491,539 shares of the stock were exchanged, compared to its average volume of 112,969,304. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $173.85 and its 200 day moving average is $205.42. The firm has a market cap of $577.85 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction 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 SEC, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction 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 SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. Company insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. China Renaissance initiated coverage on shares of Tesla in a report on Monday, February 26th. They issued a “hold” rating on the stock. Citigroup upped their price target on shares of Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company decreased their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Evercore ISI decreased their price target on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.90.

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.