Tesla, Inc. (NASDAQ:TSLA) Stake Increased by Quantum Private Wealth LLC

Quantum Private Wealth LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 200.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,443 shares of the electric vehicle producer’s stock after acquiring an additional 962 shares during the quarter. Quantum Private Wealth LLC’s holdings in Tesla were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Means Investment CO. Inc. increased its stake in shares of Tesla by 219.9% in the third quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer’s stock worth $1,712,000 after acquiring an additional 4,437 shares during the last quarter. Physicians Financial Services Inc. increased its stake in shares of Tesla by 125.6% in the third quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer’s stock worth $666,000 after acquiring an additional 1,398 shares during the last quarter. Hancock Whitney Corp increased its stake in shares of Tesla by 234.4% in the third quarter. Hancock Whitney Corp now owns 6,794 shares of the electric vehicle producer’s stock worth $1,802,000 after acquiring an additional 4,762 shares during the last quarter. Alaethes Wealth LLC increased its position in Tesla by 45.1% during the second quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer’s stock worth $368,000 after buying an additional 170 shares during the last quarter. Finally, Symphony Financial Ltd. Co. increased its position in Tesla by 56.4% during the third quarter. Symphony Financial Ltd. Co. now owns 3,115 shares of the electric vehicle producer’s stock worth $835,000 after buying an additional 1,123 shares during the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ TSLA opened at $133.42 on Monday. The firm has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02. The company has a 50 day moving average of $150.72 and a 200-day moving average of $221.87. 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.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Citigroup lowered their target price on shares of Tesla from $176.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, January 13th. Cowen decreased their price target on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 20th. Royal Bank of Canada decreased their price target on shares of Tesla from $225.00 to $186.00 in a report on Tuesday, January 3rd. JPMorgan Chase & Co. decreased 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. Finally, Bank of America decreased their price target on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, January 17th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $218.29.

Insider Transactions at Tesla

In other news, CEO Elon Musk sold 9,650,000 shares of the firm’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 owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Elon Musk sold 9,650,000 shares of the firm’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 owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 1,312 shares of the firm’s stock in a transaction that occurred on 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 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. Over the last 90 days, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

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.