Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 247.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,409 shares of the electric vehicle producer’s stock after purchasing an additional 299,398 shares during the quarter. Tesla accounts for approximately 0.6% of Rockefeller Capital Management L.P.’s investment portfolio, making the stock its 27th largest holding. Rockefeller Capital Management L.P.’s holdings in Tesla were worth $111,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Means Investment CO. Inc. raised its position in Tesla by 219.9% during the third quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer’s stock valued at $1,712,000 after acquiring an additional 4,437 shares in the last quarter. Physicians Financial Services Inc. raised its position in Tesla by 125.6% during the third quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer’s stock valued at $666,000 after acquiring an additional 1,398 shares in the last quarter. Hancock Whitney Corp raised its position in Tesla by 234.4% during the third quarter. Hancock Whitney Corp now owns 6,794 shares of the electric vehicle producer’s stock valued at $1,802,000 after acquiring an additional 4,762 shares in the last quarter. Alaethes Wealth LLC raised its position in Tesla by 45.1% during the second quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer’s stock valued at $368,000 after acquiring an additional 170 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its position in Tesla by 56.4% during the third quarter. Symphony Financial Ltd. Co. now owns 3,115 shares of the electric vehicle producer’s stock valued at $835,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $143.89 on Wednesday. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $384.29. The business’s fifty day simple moving average is $148.77 and its 200-day simple moving average is $220.41. The firm has a market cap of $454.37 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 1.18 and a beta of 2.02. 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 Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the 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 owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 62,988 shares in the company, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group cut their price objective on Tesla from $350.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, January 17th. Royal Bank of Canada cut their price objective on Tesla from $225.00 to $186.00 in a research report on Tuesday, January 3rd. Robert W. Baird cut 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. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Finally, Wolfe Research cut 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. Six research 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 MarketBeat.com, Tesla 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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