Bensler LLC Sells 2,654 Shares of Tesla, Inc. $TSLA

Bensler LLC decreased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 27.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,133 shares of the electric vehicle producer’s stock after selling 2,654 shares during the quarter. Bensler LLC’s holdings in Tesla were worth $3,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Chapman Financial Group LLC bought a new stake in Tesla during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC purchased a new position in shares of Tesla during the 2nd quarter worth $29,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla during the 3rd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the 2nd quarter worth $30,000. Finally, ESL Trust Services LLC raised its holdings in Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

TSLA opened at $430.90 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 287.27, a PEG ratio of 7.40 and a beta of 1.83. The company has a fifty day moving average of $445.92 and a 200 day moving average of $406.46. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83.

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Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. Stifel Nicolaus upped their price target on Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. TD Cowen reissued a “buy” rating on shares of Tesla in a report on Monday, November 17th. Glj Research reaffirmed a “sell” rating and set a $25.28 price target (up previously from $19.05) on shares of Tesla in a report on Wednesday, January 7th. Evercore ISI increased their price objective on shares of Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, UBS Group restated a “sell” rating and set a $307.00 target price (up previously from $247.00) on shares of Tesla in a research note on Wednesday, January 14th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $410.77.

Check Out Our Latest Stock Report on Tesla

Tesla Company 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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