Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Hoylecohen LLC

Hoylecohen LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 198.1% in the third quarter, Holdings Channel.com reports. The fund owned 102,530 shares of the electric vehicle producer’s stock after buying an additional 68,141 shares during the quarter. Tesla comprises about 3.0% of Hoylecohen LLC’s holdings, making the stock its 3rd biggest position. Hoylecohen LLC’s holdings in Tesla were worth $27,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Horan Securities Inc. raised its stake in Tesla by 164.3% during the 2nd quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares during the period. BCR Wealth Strategies LLC raised its stake in Tesla by 916.7% during the 2nd quarter. BCR Wealth Strategies LLC now owns 61 shares of the electric vehicle producer’s stock valued at $41,000 after purchasing an additional 55 shares during the period. Clearview Wealth Advisors LLC raised its stake in Tesla by 48.8% during the 2nd quarter. Clearview Wealth Advisors LLC now owns 64 shares of the electric vehicle producer’s stock valued at $43,000 after purchasing an additional 21 shares during the period. Wellington Shields & Co. LLC acquired a new stake in Tesla during the 2nd quarter valued at $48,000. Finally, Lake Point Wealth Management raised its stake in Tesla by 42.3% during the 2nd quarter. Lake Point Wealth Management now owns 74 shares of the electric vehicle producer’s stock valued at $50,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 1,312 shares of the stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the transaction, the senior vice president now directly 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. Over the last 90 days, insiders sold 24,172,833 shares of company stock worth $4,492,567,309. Company insiders own 25.10% of the company’s stock.

Tesla Stock Up 0.1 %

NASDAQ TSLA opened at $143.89 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. The firm has a 50-day simple moving average of $148.77 and a 200 day simple moving average of $220.41. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The stock has a market cap of $454.37 billion, a PE ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02.

Analysts Set New Price Targets

Several analysts have issued reports on TSLA shares. Canaccord Genuity Group cut their target price on shares of Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, December 22nd. Guggenheim downgraded shares of Tesla from a “neutral” rating to a “sell” rating in a research note on Friday, January 13th. Wells Fargo & Company dropped their price target on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, January 13th. Wolfe Research dropped their price target on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. Finally, Wedbush dropped their price target on shares of Tesla from $250.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, December 23rd. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average price target 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.