Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC grew its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 199.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,769 shares of the electric vehicle producer’s stock after buying an additional 1,845 shares during the quarter. Tesla accounts for 0.8% of Montz Harcus Wealth Management LLC’s holdings, making the stock its 19th largest holding. Montz Harcus Wealth Management LLC’s holdings in Tesla were worth $734,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greenspring Advisors LLC grew its stake in Tesla by 126.8% during the 3rd quarter. Greenspring Advisors LLC now owns 753 shares of the electric vehicle producer’s stock worth $200,000 after purchasing an additional 421 shares in the last quarter. Connecticut Wealth Management LLC grew its stake in Tesla by 192.6% during the 3rd quarter. Connecticut Wealth Management LLC now owns 1,911 shares of the electric vehicle producer’s stock worth $507,000 after purchasing an additional 1,258 shares in the last quarter. Cannell & Co. grew its stake in Tesla by 200.0% during the 3rd quarter. Cannell & Co. now owns 1,050 shares of the electric vehicle producer’s stock worth $279,000 after purchasing an additional 700 shares in the last quarter. Hohimer Wealth Management LLC grew its stake 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 worth $2,264,000 after purchasing an additional 5,707 shares in the last quarter. Finally, First National Trust Co grew its stake 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 worth $11,960,000 after purchasing an additional 30,086 shares in the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Edward Jones raised Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Robert W. Baird lowered their price objective on Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a research report on Wednesday, December 28th. Guggenheim cut Tesla from a “neutral” rating to a “sell” rating in a research report on Friday, January 13th. Wolfe Research lowered their price objective on Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Finally, Wells Fargo & Company lowered their price objective on Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, January 13th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $216.60.

Tesla Stock Up 0.1 %

TSLA opened at $143.89 on Wednesday. The company has a market cap of $454.37 billion, a PE ratio of 44.46, a P/E/G ratio of 1.18 and a beta of 2.02. The business has a 50 day moving average price of $148.77 and a two-hundred day moving average price of $220.41. Tesla, Inc. has a 52 week low of $101.81 and a 52 week 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 Transactions at Tesla

In other news, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total transaction of $410,131.12. Following the completion of the transaction, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total transaction of $410,131.12. Following the completion of the transaction, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Vaibhav Taneja sold 3,768 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $670,967.76. Following the transaction, the chief accounting officer now directly owns 95,785 shares of the company’s stock, valued at $17,056,434.95. The disclosure for this sale can be found here. In the last three months, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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