Tesla, Inc. $TSLA Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 27.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,943 shares of the electric vehicle producer’s stock after selling 4,151 shares during the period. OneAscent Financial Services LLC’s holdings in Tesla were worth $4,867,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSLA. Relyea Zuckerberg Hanson LLC raised its stake in Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after acquiring an additional 23 shares during the period. Equita Financial Network Inc. grew its holdings in shares of Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares during the last quarter. VanderPol Investments L.L.C. raised its position in shares of Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC lifted its holdings in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after purchasing an additional 23 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in Tesla by 4.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after purchasing an additional 24 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TSLA. Deutsche Bank Aktiengesellschaft increased their target price on Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Piper Sandler reissued an “overweight” rating and set a $500.00 target price on shares of Tesla in a research note on Thursday, January 8th. Glj Research restated a “sell” rating and issued a $25.28 price target (up previously from $19.05) on shares of Tesla in a research note on Wednesday, January 7th. Melius Research set a $520.00 price target on Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Barclays reissued a “neutral” rating on shares of Tesla in a research note on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $410.77.

Read Our Latest Stock Report on Tesla

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is owned by insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Price Performance

TSLA opened at $435.20 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.45 trillion, a price-to-earnings ratio of 290.13, a PEG ratio of 7.63 and a beta of 1.83. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The stock has a fifty day moving average price of $445.33 and a 200 day moving average price of $405.63.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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