Wooster Corthell Wealth Management Inc. Purchases 2,736 Shares of Tesla, Inc. (NASDAQ:TSLA)

Wooster Corthell Wealth Management Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 199.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,108 shares of the electric vehicle producer’s stock after buying an additional 2,736 shares during the period. Tesla makes up 0.3% of Wooster Corthell Wealth Management Inc.’s holdings, making the stock its 29th biggest position. Wooster Corthell Wealth Management Inc.’s holdings in Tesla were worth $1,090,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Tesla by 196.4% in the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after purchasing an additional 18,472,529 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Tesla by 189.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after purchasing an additional 6,125,732 shares during the period. SG Americas Securities LLC increased its position in shares of Tesla by 105.0% in the third quarter. SG Americas Securities LLC now owns 105,194 shares of the electric vehicle producer’s stock worth $27,903,000 after purchasing an additional 2,209,304 shares during the period. New York State Teachers Retirement System increased its position in shares of Tesla by 217.2% in the third quarter. New York State Teachers Retirement System now owns 3,159,080 shares of the electric vehicle producer’s stock worth $837,946,000 after purchasing an additional 2,163,098 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Tesla by 10.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock valued at $9,584,845,000 after buying an additional 1,317,687 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.

Insider Activity

In related news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. 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 that occurred 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 transaction, the senior vice president now directly owns 62,988 shares in the company, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock worth $4,492,567,309 over the last quarter. 25.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TSLA. Global Equities Research reaffirmed a “buy” rating on shares of Tesla in a research note on Tuesday, November 8th. Piper Sandler reduced their price objective on Tesla from $340.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America reduced their price objective on Tesla from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank of Canada reduced their price objective on Tesla from $225.00 to $186.00 in a research note on Tuesday, January 3rd. Finally, Edward Jones raised Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $218.29.

Tesla Trading Down 1.3 %

NASDAQ TSLA opened at $127.17 on Friday. The company has a market cap 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 52 week low of $101.81 and a 52 week high of $384.29. The business has a 50 day moving average price of $151.97 and a 200-day moving average price of $222.67. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA – Get Rating) last released its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $21.45 billion during the quarter, compared to the consensus estimate of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The company’s quarterly revenue was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 3.6 earnings per share 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.