Tesla, Inc. $TSLA Shares Purchased by CCG Wealth Management LLC

CCG Wealth Management LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 85.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,306 shares of the electric vehicle producer’s stock after purchasing an additional 4,754 shares during the period. Tesla comprises approximately 2.2% of CCG Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. CCG Wealth Management LLC’s holdings in Tesla were worth $4,583,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. Norges Bank acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $11,839,824,000. Legal & General Group Plc grew its position in shares of Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after acquiring an additional 1,134,678 shares during the period. Finally, Amundi grew its holdings in Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after purchasing an additional 3,422,270 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “underweight” rating and set a $130.00 target price (up from $120.00) on shares of Tesla in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. China Renaissance increased their price target on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Dbs Bank upgraded Tesla to a “hold” rating in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $410.77.

Check Out Our Latest Research Report on Tesla

Tesla Price Performance

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

Key Tesla News

Here are the key news stories impacting Tesla this week:

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated 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 $627,145,215.90. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock worth $53,501,145 over 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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