PDS Planning Inc Increases Position in Tesla, Inc. (NASDAQ:TSLA)

PDS Planning Inc increased its stake in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 222.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,760 shares of the electric vehicle producer’s stock after purchasing an additional 3,975 shares during the quarter. PDS Planning Inc’s holdings in Tesla were worth $1,528,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC increased its holdings in shares of Tesla by 224.1% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Coston McIsaac & Partners increased its holdings in shares of Tesla by 200.0% in the 3rd quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. Horan Securities Inc. increased its holdings 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 acquiring an additional 23 shares in the last quarter. West Oak Capital LLC purchased a new position in Tesla during the 3rd quarter valued at about $27,000. Finally, Norway Savings Bank increased its holdings in Tesla by 200.0% during the 3rd quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Tesla Stock Up 0.1 %

Shares of NASDAQ:TSLA opened at $143.89 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $148.77 and a 200 day simple moving average of $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. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the sale, the senior vice president now 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 can be accessed through this link. In related news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction on Friday, November 4th. The shares were sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares in the company, valued at $41,223,910. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on 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 completion of the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,172,833 shares of company stock worth $4,492,567,309. Insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. The Goldman Sachs Group dropped their target price on shares of Tesla from $235.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 2nd. Citigroup dropped their target price on shares of Tesla from $176.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, January 13th. Truist Financial dropped their target price on shares of Tesla from $299.00 to $245.00 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesla from $250.00 to $220.00 in a report on Thursday, January 19th. Finally, Wells Fargo & Company lowered their price target on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, January 13th. Six 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $216.60.

Tesla 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.