HTLF Bank Invests $741,000 in Tesla, Inc. (NASDAQ:TSLA)

HTLF Bank bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,982 shares of the electric vehicle producer’s stock, valued at approximately $741,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wyrmwood Management LLC bought a new position in Tesla during the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new position in Tesla during the fourth quarter valued at approximately $25,000. Alpha Paradigm Partners LLC purchased a new stake in Tesla during the third quarter valued at approximately $27,000. MayTech Global Investments LLC purchased a new stake in Tesla during the fourth quarter valued at approximately $30,000. Finally, Mendota Financial Group LLC increased its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $147.05 on Friday. The firm has a 50-day moving average price of $178.51 and a 200-day moving average price of $211.48. The firm has a market capitalization of $468.32 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 3.96 and a beta of 2.39. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12-month low of $146.22 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Barclays reduced their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group reduced their target price on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Tesla in a report on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Ten investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $194.70.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s 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 transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last 90 days. Company insiders own 25.10% of the company’s stock.

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.