First Hawaiian Bank Has $1.44 Million Position in Tesla, Inc. (NASDAQ:TSLA)

First Hawaiian Bank grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,296 shares of the electric vehicle producer’s stock after buying an additional 144 shares during the quarter. First Hawaiian Bank’s holdings in Tesla were worth $1,444,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Apexium Financial LP increased its position in Tesla by 736.8% in the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after purchasing an additional 21,972 shares during the period. Mount Vernon Associates Inc. MD boosted its stake in Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after acquiring an additional 350 shares during the last quarter. Forum Financial Management LP grew its holdings in Tesla by 19.7% during the 4th quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after acquiring an additional 3,582 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in shares of Tesla by 9.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock valued at $1,734,000 after purchasing an additional 598 shares during the period. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSLA shares. Guggenheim reiterated a “sell” rating and issued a $134.00 price objective on shares of Tesla in a report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Tesla in a research report on Wednesday, July 24th. Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research note on Wednesday, July 24th. Royal Bank of Canada lowered their target price on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $310.00 price target on shares of Tesla in a report on Monday, July 29th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.30.

Tesla Stock Performance

NASDAQ:TSLA traded up $1.75 on Tuesday, hitting $200.63. The company’s stock had a trading volume of 59,921,274 shares, compared to its average volume of 100,618,688. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98. The firm has a market capitalization of $639.85 billion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 5.37 and a beta of 2.31. The stock has a fifty day moving average of $210.41 and a two-hundred day moving average of $190.61. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts predict that Tesla, Inc. will post 1.79 earnings per share for the current year.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by corporate 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.