PDS Planning Inc Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

PDS Planning Inc raised its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 222.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,760 shares of the electric vehicle producer’s stock after buying an additional 3,975 shares during the period. PDS Planning Inc’s holdings in Tesla were worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Cranbrook Wealth Management LLC increased its holdings in Tesla by 224.1% in the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Coston McIsaac & Partners increased its stake in shares of Tesla by 200.0% during the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 64 shares in the last quarter. Horan Securities Inc. increased its stake in shares of Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. West Oak Capital LLC purchased a new stake in shares of Tesla during the third quarter worth about $27,000. Finally, Norway Savings Bank increased its stake in shares of Tesla by 200.0% during the third quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 1,312 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the sale, the senior vice president now owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock worth $4,492,567,309 in the last 90 days. Company insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Cowen cut their target price on shares of Tesla from $205.00 to $122.00 in a research note on Tuesday, January 3rd. Daiwa Capital Markets lowered their price target on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Mizuho lowered their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, January 5th. Guggenheim lowered shares of Tesla from a “neutral” rating to a “sell” rating in a report on Friday, January 13th. Finally, Canaccord Genuity Group decreased their target price on shares of Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 22nd. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $216.60.

Tesla Trading Up 0.1 %

Shares of Tesla stock opened at $143.89 on Wednesday. The company has a fifty day simple moving average of $148.77 and a 200-day simple moving average of $220.41. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The stock has a market cap of $454.37 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02.

About Tesla

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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.