Ellevest Inc. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Ellevest Inc. raised its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 806.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,349 shares of the electric vehicle producer’s stock after purchasing an additional 4,759 shares during the quarter. Ellevest Inc.’s holdings in Tesla were worth $1,419,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TSLA. Means Investment CO. Inc. raised its holdings in shares of Tesla by 219.9% during the 3rd quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer’s stock valued at $1,712,000 after buying an additional 4,437 shares during the period. Physicians Financial Services Inc. raised its holdings in shares of Tesla by 125.6% during the 3rd quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer’s stock valued at $666,000 after buying an additional 1,398 shares during the period. Hancock Whitney Corp raised its holdings in shares of Tesla by 234.4% during the 3rd quarter. Hancock Whitney Corp now owns 6,794 shares of the electric vehicle producer’s stock valued at $1,802,000 after buying an additional 4,762 shares during the period. Alaethes Wealth LLC raised its holdings in shares of Tesla by 45.1% during the 2nd quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer’s stock valued at $368,000 after buying an additional 170 shares during the period. Finally, Symphony Financial Ltd. Co. raised its holdings in shares of Tesla by 56.4% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 3,115 shares of the electric vehicle producer’s stock valued at $835,000 after buying an additional 1,123 shares during the period. 43.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, 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 sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, 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 sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Vaibhav Taneja sold 3,768 shares of Tesla stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $670,967.76. Following the sale, the chief accounting officer now directly owns 95,785 shares in the company, valued at approximately $17,056,434.95. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309 in the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Trading Up 0.1 %

Shares of NASDAQ TSLA opened at $143.89 on Wednesday. The company has a market cap of $454.37 billion, a price-to-earnings 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. 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 stock’s 50 day simple moving average is $148.77 and its 200 day simple moving average is $220.41.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. Piper Sandler dropped their target price on Tesla from $340.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, January 18th. 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 note on Thursday, December 22nd. Wolfe Research lowered their price objective on Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a research note on Thursday, October 20th. Roth Capital raised their price objective on Tesla from $83.33 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 20th. Finally, TheStreet lowered Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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