UMB Bank n.a. Buys 36,409 Shares of Tesla, Inc. (NASDAQ:TSLA)

UMB Bank n.a. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 31.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,336 shares of the electric vehicle producer’s stock after acquiring an additional 36,409 shares during the period. Tesla comprises 1.0% of UMB Bank n.a.’s investment portfolio, making the stock its 23rd biggest position. UMB Bank n.a.’s holdings in Tesla were worth $61,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TSLA. BlueSky Wealth Advisors LLC bought a new stake in Tesla in the 4th quarter valued at about $244,000. Wealth Management Partners LLC raised its position in shares of Tesla by 14.6% in the fourth quarter. Wealth Management Partners LLC now owns 16,669 shares of the electric vehicle producer’s stock valued at $6,732,000 after purchasing an additional 2,123 shares during the period. LPF Advisors LLC purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $220,000. M.E. Allison & CO. Inc. bought a new position in Tesla in the 4th quarter worth approximately $295,000. Finally, Willner & Heller LLC bought a new stake in Tesla during the 4th quarter valued at $288,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $424.07 on Wednesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The firm has a market capitalization of $1.36 trillion, a P/E ratio of 116.18, a P/E/G ratio of 8.60 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $391.47 and a two-hundred day simple moving average of $290.05.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. Tesla’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TSLA shares. Canaccord Genuity Group raised their price target on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Finally, HSBC restated a “reduce” rating and set a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.94.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,886 shares of company stock worth $213,451,751. Insiders own 20.70% of the company’s stock.

Tesla Company 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.