Zimmermann Investment Management & Planning LLC Raises Position in Tesla, Inc. (NASDAQ:TSLA)

Zimmermann Investment Management & Planning LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 296.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298 shares of the electric vehicle producer’s stock after purchasing an additional 3,214 shares during the quarter. Zimmermann Investment Management & Planning LLC’s holdings in Tesla were worth $1,140,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TSLA. Horan Securities Inc. raised its position in shares of Tesla by 164.3% during the 2nd quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 23 shares during the period. TFO TDC LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at approximately $27,000. BCR Wealth Strategies LLC raised its position in shares of Tesla by 916.7% during the 2nd quarter. BCR Wealth Strategies LLC now owns 61 shares of the electric vehicle producer’s stock valued at $41,000 after buying an additional 55 shares during the period. Clearview Wealth Advisors LLC raised its position in shares of Tesla by 48.8% during the 2nd quarter. Clearview Wealth Advisors LLC now owns 64 shares of the electric vehicle producer’s stock valued at $43,000 after buying an additional 21 shares during the period. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at approximately $48,000. 43.00% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 4.9 %

Shares of Tesla stock opened at $133.42 on Monday. Tesla, Inc. has a 52-week low of $101.81 and a 52-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. The company’s 50-day simple moving average is $150.72 and its 200-day simple moving average is $221.87. The firm 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.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zachary Kirkhorn sold 3,751 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $222.50, for a total transaction of $834,597.50. Following the transaction, the chief financial officer now owns 185,276 shares in the company, valued at $41,223,910. 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 over the last ninety days. 25.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of several research reports. Global Equities Research reiterated a “buy” rating on shares of Tesla in a report on Tuesday, November 8th. Canaccord Genuity Group dropped their target price 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. Royal Bank of Canada dropped their price target on shares of Tesla from $225.00 to $186.00 in a research note on Tuesday, January 3rd. Guggenheim downgraded shares of Tesla from a “neutral” rating to a “sell” rating in a research note on Friday, January 13th. Finally, Mizuho dropped their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, January 5th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $218.29.

Tesla Profile

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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.