Tesla, Inc. (NASDAQ:TSLA) Stake Lowered by First Hawaiian Bank


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First Hawaiian Bank cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 99.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,837 shares of the electric vehicle producer’s stock after selling 324,978 shares during the quarter. First Hawaiian Bank’s holdings in Tesla were worth $1,296,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TSLA. Jennison Associates LLC grew its holdings in shares of Tesla by 384.5% during the third quarter. Jennison Associates LLC now owns 18,743,418 shares of the electric vehicle producer’s stock valued at $8,041,114,000 after purchasing an additional 14,874,676 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Tesla by 267.9% during the third quarter. Nuveen Asset Management LLC now owns 5,278,127 shares of the electric vehicle producer’s stock worth $2,264,369,000 after buying an additional 3,843,488 shares during the period. ARK Investment Management LLC boosted its position in shares of Tesla by 381.6% during the third quarter. ARK Investment Management LLC now owns 3,430,778 shares of the electric vehicle producer’s stock worth $1,471,838,000 after buying an additional 2,718,430 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Tesla by 437.8% during the third quarter. UBS Asset Management Americas Inc. now owns 2,973,414 shares of the electric vehicle producer’s stock worth $1,275,624,000 after buying an additional 2,420,573 shares during the period. Finally, Swiss National Bank boosted its position in shares of Tesla by 395.0% during the third quarter. Swiss National Bank now owns 2,887,865 shares of the electric vehicle producer’s stock worth $1,238,923,000 after buying an additional 2,304,512 shares during the period. 48.22% of the stock is owned by institutional investors.

Shares of NASDAQ:TSLA opened at $854.41 on Thursday. The stock has a market capitalization of $809.90 billion, a PE ratio of 2,225.03, a P/E/G ratio of 20.46 and a beta of 1.68. Tesla, Inc. has a 1 year low of $70.10 and a 1 year high of $884.49. The firm has a fifty day moving average price of $671.72 and a 200 day moving average price of $451.20. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.54. Tesla had a net margin of 1.43% and a return on equity of 4.19%. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the prior year, the company posted $0.37 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 0.62 earnings per share for the current fiscal year.

In other Tesla news, CAO Vaibhav Taneja sold 4,463 shares of the company’s stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $762.99, for a total transaction of $3,405,224.37. Following the completion of the sale, the chief accounting officer now directly owns 16,728 shares in the company, valued at $12,763,296.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 1,250 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $446.24, for a total transaction of $557,800.00. Following the sale, the chief financial officer now owns 56,874 shares of the company’s stock, valued at $25,379,453.76. The disclosure for this sale can be found here. Insiders have sold 186,643 shares of company stock valued at $92,195,056 over the last 90 days. Corporate insiders own 23.00% of the company’s stock.

Several equities analysts have recently issued reports on the company. Canaccord Genuity boosted their price objective on Tesla from $377.00 to $419.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Exane BNP Paribas downgraded Tesla from a “neutral” rating to an “underperform” rating and set a $340.00 price objective for the company. in a research report on Tuesday, January 5th. UBS Group set a $325.00 price objective on Tesla and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Cfra downgraded Tesla from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 18th. Finally, The Goldman Sachs Group upgraded Tesla from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 2nd. Twelve investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Tesla presently has a consensus rating of “Hold” and an average price target of $325.36.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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