Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Greenspring Advisors LLC

Greenspring Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 126.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 753 shares of the electric vehicle producer’s stock after acquiring an additional 421 shares during the period. Greenspring Advisors LLC’s holdings in Tesla were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Connecticut Wealth Management LLC grew its holdings in shares of Tesla by 192.6% in the 3rd quarter. Connecticut Wealth Management LLC now owns 1,911 shares of the electric vehicle producer’s stock worth $507,000 after acquiring an additional 1,258 shares during the period. Cannell & Co. grew its holdings in shares of Tesla by 200.0% in the 3rd quarter. Cannell & Co. now owns 1,050 shares of the electric vehicle producer’s stock worth $279,000 after acquiring an additional 700 shares during the period. Hohimer Wealth Management LLC grew its holdings in Tesla by 201.8% during the 3rd quarter. Hohimer Wealth Management LLC now owns 8,535 shares of the electric vehicle producer’s stock valued at $2,264,000 after buying an additional 5,707 shares during the last quarter. First National Trust Co grew its holdings in Tesla by 200.5% during the 3rd quarter. First National Trust Co now owns 45,091 shares of the electric vehicle producer’s stock valued at $11,960,000 after buying an additional 30,086 shares during the last quarter. Finally, Ellevest Inc. grew its holdings in Tesla by 806.6% during the 3rd quarter. Ellevest Inc. now owns 5,349 shares of the electric vehicle producer’s stock valued at $1,419,000 after buying an additional 4,759 shares during the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Tesla Stock Up 0.1 %

NASDAQ:TSLA opened at $143.89 on Wednesday. The company has a market capitalization of $454.37 billion, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 1.18 and a beta of 2.02. Tesla, Inc. has a one year low of $101.81 and a one year high of $384.29. The stock has a 50-day simple moving average of $148.77 and a 200 day simple moving average of $220.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

Insider Buying and Selling

In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of Tesla stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on 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 completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Kirkhorn sold 3,752 shares of Tesla stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the transaction, the chief financial officer now owns 200,411 shares of the company’s stock, valued at $21,906,926.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,172,833 shares of company stock worth $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on Tesla in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Oppenheimer cut Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, December 19th. The Goldman Sachs Group reduced their price target on Tesla from $235.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, January 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Tesla from $250.00 to $220.00 in a research note on Thursday, January 19th. Finally, Royal Bank of Canada reduced their price target on Tesla from $225.00 to $186.00 in a research note on Tuesday, January 3rd. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $216.60.

Tesla Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAGet Rating).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.