Tesla, Inc. $TSLA Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,144 shares of the electric vehicle producer’s stock after purchasing an additional 2,086 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Tesla were worth $12,516,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its stake in Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares during the last quarter. Equita Financial Network Inc. raised its position in Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares during the last quarter. VanderPol Investments L.L.C. boosted its stake in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC grew its position in Tesla by 0.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after purchasing an additional 23 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in Tesla by 4.1% in the third quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 3.1%

Shares of TSLA opened at $435.20 on Tuesday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 290.13, a PEG ratio of 7.63 and a beta of 1.83. The firm’s 50-day moving average is $445.33 and its two-hundred day moving average is $405.63.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSLA shares. DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Tuesday, January 6th. Mizuho lifted their target price on Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. China Renaissance boosted their target price on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Evercore ISI increased their price target on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Glj Research reiterated a “sell” rating and issued a $25.28 price objective (up from $19.05) on shares of Tesla in a research report on Wednesday, January 7th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $410.77.

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Tesla News Roundup

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Insider Activity at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 119,457 shares of company stock valued at $53,501,145 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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