Check Capital Management Inc. CA Buys 1,002 Shares of Tesla, Inc. (NASDAQ:TSLA)

Check Capital Management Inc. CA boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% in the third quarter, Holdings Channel reports. The firm owned 1,503 shares of the electric vehicle producer’s stock after acquiring an additional 1,002 shares during the period. Tesla comprises about 0.0% of Check Capital Management Inc. CA’s holdings, making the stock its 26th biggest position. Check Capital Management Inc. CA’s holdings in Tesla were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. boosted its position in shares of Tesla by 0.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,761 shares of the electric vehicle producer’s stock valued at $1,186,000 after acquiring an additional 11 shares during the period. Advisor OS LLC boosted its position in shares of Tesla by 2.4% in the second quarter. Advisor OS LLC now owns 510 shares of the electric vehicle producer’s stock valued at $344,000 after acquiring an additional 12 shares during the period. Alera Investment Advisors LLC boosted its position in shares of Tesla by 1.4% in the second quarter. Alera Investment Advisors LLC now owns 852 shares of the electric vehicle producer’s stock valued at $574,000 after acquiring an additional 12 shares during the period. Stanley Laman Group Ltd. boosted its position in shares of Tesla by 4.0% in the second quarter. Stanley Laman Group Ltd. now owns 314 shares of the electric vehicle producer’s stock valued at $211,000 after acquiring an additional 12 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its position in shares of Tesla by 1.2% in the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer’s stock valued at $676,000 after acquiring an additional 12 shares during the period. Institutional investors own 43.00% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $143.89 on Wednesday. The business’s 50-day simple moving average is $148.77 and its 200 day simple moving average is $220.41. The stock has a market cap of $454.37 billion, a price-to-earnings ratio of 44.46, a P/E/G ratio of 1.18 and a beta of 2.02. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

Insider Activity at Tesla

In related news, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at $21,906,926.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,172,833 shares of company stock worth $4,492,567,309 over the last 90 days. Insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reduced their price objective on Tesla from $225.00 to $186.00 in a research report on Tuesday, January 3rd. Roth Capital upped their target price on Tesla from $83.33 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 20th. Daiwa Capital Markets cut their target price on Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a research note on Tuesday, December 20th. Citigroup cut their target price on Tesla from $176.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, January 13th. Finally, JPMorgan Chase & Co. cut their target price on Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $216.60.

Tesla Company Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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