Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Ellevest Inc.

Ellevest Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 806.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,349 shares of the electric vehicle producer’s stock after acquiring an additional 4,759 shares during the quarter. Ellevest Inc.’s holdings in Tesla were worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSLA. Cranbrook Wealth Management LLC grew its holdings in shares of Tesla by 224.1% during 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 grew its holdings 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 valued at $25,000 after buying an additional 64 shares in the last quarter. Horan Securities Inc. grew its holdings 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 valued at $27,000 after buying an additional 23 shares in the last quarter. West Oak Capital LLC purchased a new position in shares of Tesla during the third quarter valued at $27,000. Finally, Norway Savings Bank grew its holdings 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 valued at $28,000 after buying an additional 70 shares in the last quarter. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now directly owns 62,988 shares in the company, valued at $14,484,090.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total value 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 $14,484,090.60. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock worth $4,492,567,309 over the last three months. Company insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Royal Bank of Canada lowered their target price on Tesla from $225.00 to $186.00 in a research note on Tuesday, January 3rd. Truist Financial lowered their target price on Tesla from $299.00 to $245.00 and set a “buy” rating on the stock in a research note on Monday. Canaccord Genuity Group lowered their target price on Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, December 22nd. Finally, Daiwa Capital Markets lowered their target price on Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 20th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $216.60.

Tesla Trading Up 0.1 %

Shares of TSLA opened at $143.89 on Wednesday. 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. The firm has a market capitalization 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. The stock’s 50-day moving average price is $148.77 and its 200 day moving average price is $220.41.

Tesla 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.