NorthRock Partners LLC Raises Stake in Tesla, Inc. (NASDAQ:TSLA)

NorthRock Partners LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 209.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,893 shares of the electric vehicle producer’s stock after acquiring an additional 12,105 shares during the period. Tesla makes up about 0.6% of NorthRock Partners LLC’s portfolio, making the stock its 25th biggest position. NorthRock Partners LLC’s holdings in Tesla were worth $4,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its holdings in Tesla by 0.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,761 shares of the electric vehicle producer’s stock valued at $1,186,000 after acquiring an additional 11 shares during the period. Advisor OS LLC lifted its stake in shares of Tesla by 2.4% in the 2nd quarter. Advisor OS LLC now owns 510 shares of the electric vehicle producer’s stock valued at $344,000 after purchasing an additional 12 shares during the period. Alera Investment Advisors LLC boosted its holdings in Tesla by 1.4% during the second quarter. Alera Investment Advisors LLC now owns 852 shares of the electric vehicle producer’s stock worth $574,000 after buying an additional 12 shares in the last quarter. Stanley Laman Group Ltd. grew its position in Tesla by 4.0% during the second quarter. Stanley Laman Group Ltd. now owns 314 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 12 shares during the period. Finally, Trust Co. of Toledo NA OH increased its holdings in Tesla by 1.2% in the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer’s stock valued at $676,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Insider Buying and Selling

In other Tesla 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction 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 completion of the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Daiwa Capital Markets dropped their target price on Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Roth Capital boosted their price objective on Tesla from $83.33 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, October 20th. Guggenheim lowered Tesla from a “neutral” rating to a “sell” rating in a research report on Friday, January 13th. Global Equities Research reissued a “buy” rating on shares of Tesla in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $216.60.

Tesla Stock Up 7.7 %

Tesla stock opened at $143.75 on Tuesday. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29. The firm has a 50 day moving average price of $149.78 and a 200 day moving average price of $221.16. The company has a market capitalization of $453.93 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 1.10 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

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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