Tesla, Inc. (NASDAQ:TSLA) Holdings Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,035,359 shares of the electric vehicle producer’s stock after acquiring an additional 10,121 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tesla were worth $257,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the 4th quarter valued at $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC lifted its stake in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Cordant Inc. acquired a new stake in shares of Tesla in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their target price on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Canaccord Genuity Group dropped their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $185.90.

Tesla Price Performance

Shares of Tesla stock traded up $0.39 during trading on Thursday, hitting $180.38. 63,864,435 shares of the company’s stock traded hands, compared to its average volume of 104,715,898. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The firm’s fifty day moving average price is $174.41 and its 200 day moving average price is $206.11. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a market cap of $575.27 billion, a PE ratio of 45.57, a PEG ratio of 4.98 and a beta of 2.40.

Tesla Profile

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.