Hartline Investment Corp Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Hartline Investment Corp lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 213.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,265 shares of the electric vehicle producer’s stock after buying an additional 1,543 shares during the period. Hartline Investment Corp’s holdings in Tesla were worth $601,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Jennison Associates LLC raised its stake in Tesla by 200.2% during the third quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock worth $7,840,155,000 after purchasing an additional 19,711,687 shares during the period. Baillie Gifford & Co. raised its stake in Tesla by 196.4% during 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. Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $9,584,845,000 after acquiring an additional 1,317,687 shares in the last quarter. 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 acquiring an additional 6,125,732 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Tesla by 2.5% in the first quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock worth $9,455,380,000 after acquiring an additional 216,282 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at approximately $11,442,600.13. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Tesla news, CAO Vaibhav Taneja sold 3,768 shares of the business’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 $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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 1,312 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the sale, the senior vice president now owns 64,259 shares in the company, valued at $11,442,600.13. The disclosure for this sale can be found here. Insiders have sold a total of 24,172,833 shares of company stock worth $4,492,567,309 in the last ninety days. 25.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSLA. TheStreet lowered shares of Tesla from a “b-” rating to a “c+” rating in a research report on Tuesday, November 1st. Edward Jones raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Wells Fargo & Company lowered their price target on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, January 13th. StockNews.com started coverage on shares of Tesla in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a report on Tuesday, January 3rd. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $218.29.

Tesla Trading Up 4.9 %

Shares of NASDAQ:TSLA opened at $133.42 on Monday. The company has a market cap of $421.31 billion, a PE ratio of 41.22, a P/E/G ratio of 1.10 and a beta of 2.02. The company’s 50-day moving average price is $150.72 and its 200 day moving average price is $221.87. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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