Simmons Bank Has $602,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Simmons Bank grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 7.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,424 shares of the electric vehicle producer’s stock after buying an additional 172 shares during the quarter. Simmons Bank’s holdings in Tesla were worth $602,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brown Advisory Inc. grew its stake in Tesla by 6.6% in the 3rd quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock valued at $6,505,000 after buying an additional 1,604 shares during the last quarter. NBT Bank N A NY acquired a new position in shares of Tesla during the 3rd quarter worth about $624,000. Chicago Partners Investment Group LLC boosted its stake in Tesla by 9.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,752 shares of the electric vehicle producer’s stock valued at $2,440,000 after purchasing an additional 817 shares during the period. CENTRAL TRUST Co grew its holdings in Tesla by 0.8% in the 3rd quarter. CENTRAL TRUST Co now owns 17,042 shares of the electric vehicle producer’s stock valued at $4,264,000 after buying an additional 129 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of Tesla by 8.8% during the third quarter. Inspire Advisors LLC now owns 1,925 shares of the electric vehicle producer’s stock worth $482,000 after buying an additional 156 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TSLA shares. Truist Financial dropped their target price on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Redburn Atlantic initiated coverage on Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price target for the company. Wedbush restated an “outperform” rating and set a $275.00 price objective on shares of Tesla in a research report on Monday, April 29th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Finally, Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $185.90.

Tesla Trading Down 2.0 %

Shares of NASDAQ TSLA traded down $3.47 during mid-day trading on Wednesday, hitting $174.34. The company’s stock had a trading volume of 73,208,395 shares, compared to its average volume of 103,749,086. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market cap of $556.01 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. The company’s fifty day simple moving average is $173.12 and its 200-day simple moving average is $204.32. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were 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 approximately $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,803 shares of company stock valued at $56,124,840. 20.90% of the stock is currently owned by 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.