Hudock Inc. Buys 742 Shares of Tesla, Inc. (NASDAQ:TSLA)

Hudock Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,113 shares of the electric vehicle producer’s stock after purchasing an additional 742 shares during the quarter. Hudock Inc.’s holdings in Tesla were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC boosted its position in shares of Tesla by 200.2% during the 3rd quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after acquiring an additional 19,711,687 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Tesla by 196.4% during the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after acquiring an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Tesla by 10.2% during the 2nd 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 acquiring an additional 1,317,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Tesla by 189.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock valued at $2,484,549,000 after acquiring an additional 6,125,732 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Tesla by 2.5% during the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock valued at $9,455,380,000 after acquiring an additional 216,282 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.

Insider Buying and Selling

In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares of the company’s stock, valued at $41,223,910. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares of the company’s stock, valued at $41,223,910. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. 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 over the last ninety days. Insiders own 25.10% of the company’s stock.

Tesla Trading Up 4.9 %

TSLA opened at $133.42 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The company has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 1.10 and a beta of 2.02. The firm has a 50 day simple moving average of $150.72 and a 200 day simple moving average of $221.87. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 3rd. Morgan Stanley reduced their price target on shares of Tesla from $330.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 28th. Bank of America reduced their price target on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 17th. Truist Financial reduced their price target on shares of Tesla from $348.00 to $299.00 and set a “buy” rating on the stock in a research report on Tuesday, January 3rd. Finally, Daiwa Capital Markets reduced their price target on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Six 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 MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $218.29.

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.

See Also

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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