Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by ODonnell Financial Services LLC

ODonnell Financial Services LLC increased its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 57.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,334 shares of the electric vehicle producer’s stock after purchasing an additional 488 shares during the period. Tesla accounts for about 1.2% of ODonnell Financial Services LLC’s investment portfolio, making the stock its 12th biggest holding. ODonnell Financial Services LLC’s holdings in Tesla were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Means Investment CO. Inc. boosted its stake in Tesla by 219.9% in 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 during the period. Physicians Financial Services Inc. boosted its stake in Tesla by 125.6% in 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 during the period. Hancock Whitney Corp raised its holdings in shares of 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 buying an additional 4,762 shares during the last quarter. Alaethes Wealth LLC raised its holdings in shares of 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 buying an additional 170 shares during the last quarter. Finally, Beam Wealth Advisors Inc. raised its holdings in shares of Tesla by 199.5% during the third quarter. Beam Wealth Advisors Inc. now owns 1,644 shares of the electric vehicle producer’s stock valued at $436,000 after buying an additional 1,095 shares during the last quarter. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 22nd. Morgan Stanley dropped their target price on Tesla from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, December 28th. Wells Fargo & Company dropped their target price on Tesla from $280.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, October 14th. Evercore ISI dropped their target price on Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, December 20th. Finally, Robert W. Baird dropped their target price on Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.20.

Tesla Stock Up 0.3 %

TSLA stock opened at $123.56 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The company has a fifty day simple moving average of $158.61 and a 200 day simple moving average of $226.32. The firm has a market cap of $390.17 billion, a PE ratio of 38.18, a PEG ratio of 0.93 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last released its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion during the quarter, compared to analyst estimates of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The business’s revenue was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 3.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 1,312 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $233,627.84. Following the transaction, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 in the last quarter. Insiders own 25.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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