Forte Capital LLC ADV Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Forte Capital LLC ADV grew its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,903 shares of the electric vehicle producer’s stock after buying an additional 521 shares during the quarter. Forte Capital LLC ADV’s holdings in Tesla were worth $3,703,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Mount Vernon Associates Inc. MD increased its position in Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the period. Oak Ridge Investments LLC raised its position in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after acquiring an additional 1,405 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Tesla by 3.7% in the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after acquiring an additional 25,943 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Tesla by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after purchasing an additional 81,729 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. Canaccord Genuity Group decreased their price objective on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Truist Financial decreased their target price on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Mizuho dropped their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $275.00 price objective on shares of Tesla in a research report on Monday, April 29th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $185.90.

Get Our Latest Research Report on Tesla

Tesla Trading Up 0.7 %

Tesla stock traded up $1.18 during midday trading on Friday, reaching $181.19. The stock had a trading volume of 75,491,539 shares, compared to its average volume of 112,969,304. The stock’s 50-day simple moving average is $173.85 and its 200 day simple moving average is $205.42. The stock has a market capitalization of $577.85 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Tesla Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.