BOK Financial Private Wealth Inc. Purchases 360 Shares of Tesla, Inc. (NASDAQ:TSLA)

BOK Financial Private Wealth Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA) by 30.1% in the first quarter, Holdings Channel reports. The fund owned 1,557 shares of the electric vehicle producer’s stock after acquiring an additional 360 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Tesla were worth $274,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Tesla during the 4th quarter worth $7,844,757,000. International Assets Investment Management LLC raised its position in Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after purchasing an additional 6,179,032 shares during the last quarter. Vanguard Group Inc. grew its holdings in Tesla by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after acquiring an additional 3,866,361 shares during the period. Morgan Stanley grew its holdings in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Tesla by 2,101.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer’s stock worth $365,064,000 after acquiring an additional 1,402,443 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of Tesla stock traded up $5.13 during mid-day trading on Friday, hitting $251.52. 154,501,152 shares of the stock were exchanged, compared to its average volume of 82,893,608. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a 50-day simple moving average of $185.76 and a 200 day simple moving average of $191.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market capitalization of $802.15 billion, a P/E ratio of 64.16, a P/E/G ratio of 6.11 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Sell-side analysts anticipate that Tesla, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent analyst reports. Wedbush increased their price target on Tesla from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday. TD Cowen increased their price target on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Roth Mkm restated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $192.71.

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.