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

Hoylecohen LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 198.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,530 shares of the electric vehicle producer’s stock after buying an additional 68,141 shares during the quarter. Tesla comprises 3.0% of Hoylecohen LLC’s investment portfolio, making the stock its 3rd biggest holding. Hoylecohen LLC’s holdings in Tesla were worth $27,196,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TSLA. Cranbrook Wealth Management LLC increased its stake in 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 stake in 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 stake in Tesla by 164.3% in 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 in the last quarter. West Oak Capital LLC purchased a new position in Tesla during the third quarter worth $27,000. Finally, Norway Savings Bank increased its position in Tesla by 200.0% during the third quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 70 shares in the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA opened at $143.89 on Wednesday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The firm has a market cap of $454.37 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02. 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 stock’s 50-day simple moving average is $148.77 and its 200-day simple moving average is $220.41.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Daiwa Capital Markets dropped their price target on Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a research report on Tuesday, December 20th. Cowen dropped their price target on Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 20th. Morgan Stanley lowered their price objective on Tesla from $330.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 28th. Canaccord Genuity Group lowered their price objective on Tesla from $304.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, December 22nd. Finally, Jefferies Financial Group lowered 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. Six equities 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 data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $216.60.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Zachary Kirkhorn sold 3,751 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was 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 directly owns 185,276 shares of the company’s stock, valued at $41,223,910. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated 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 directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is currently owned by insiders.

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.