Willow Creek Wealth Management Inc. Buys 14,223 Shares of Tesla, Inc. (NASDAQ:TSLA)

Willow Creek Wealth Management Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 205.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,135 shares of the electric vehicle producer’s stock after purchasing an additional 14,223 shares during the quarter. Tesla comprises approximately 1.1% of Willow Creek Wealth Management Inc.’s holdings, making the stock its 16th largest position. Willow Creek Wealth Management Inc.’s holdings in Tesla were worth $5,606,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TSLA. Trust Co. of Virginia VA raised its holdings in Tesla by 200.3% in the 3rd quarter. Trust Co. of Virginia VA now owns 991 shares of the electric vehicle producer’s stock worth $263,000 after acquiring an additional 661 shares during the last quarter. Emfo LLC raised its holdings in Tesla by 200.0% in the 3rd quarter. Emfo LLC now owns 651 shares of the electric vehicle producer’s stock worth $173,000 after acquiring an additional 434 shares during the last quarter. Chase Investment Counsel Corp raised its holdings in Tesla by 489.4% in the 3rd quarter. Chase Investment Counsel Corp now owns 23,016 shares of the electric vehicle producer’s stock worth $6,104,000 after acquiring an additional 19,111 shares during the last quarter. Oakworth Capital Inc. raised its holdings in Tesla by 200.0% in the 3rd quarter. Oakworth Capital Inc. now owns 2,250 shares of the electric vehicle producer’s stock worth $597,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in Tesla by 201.0% in the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,342 shares of the electric vehicle producer’s stock worth $621,000 after acquiring an additional 1,564 shares during the last quarter. 43.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSLA shares. Edward Jones upgraded shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Canaccord Genuity Group decreased their price objective on shares of Tesla from $304.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, December 22nd. Wolfe Research decreased their target price on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a research note on Thursday, October 20th. Wedbush decreased their target price on shares of Tesla from $250.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, December 23rd. Finally, Bank of America decreased their target price on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday. Six investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $218.29.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the 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 sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 1,312 shares of the firm’s stock in a transaction that occurred on 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 $11,442,600.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 62,988 shares in the company, valued at $14,484,090.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,833 shares of company stock worth $4,492,567,309. 25.10% of the stock is currently owned by corporate insiders.

Tesla Stock Down 1.3 %

Shares of NASDAQ TSLA opened at $127.17 on Friday. The firm’s 50-day moving average price is $151.97 and its 200-day moving average price is $222.67. 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 has a market capitalization of $401.57 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 0.95 and a beta of 2.02. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29.

Tesla (NASDAQ:TSLA – Get Rating) last announced its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $21.45 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 3.6 EPS for the current fiscal year.

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.