Van Hulzen Asset Management LLC Increases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Van Hulzen Asset Management LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,974 shares of the electric vehicle producer’s stock after purchasing an additional 628 shares during the period. Tesla makes up about 1.4% of Van Hulzen Asset Management LLC’s holdings, making the stock its 18th largest holding. Van Hulzen Asset Management LLC’s holdings in Tesla were worth $19,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the 4th quarter valued at $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC lifted its holdings 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. grew its stake in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in Tesla in the 3rd quarter valued at $53,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 302,803 shares of company stock valued at $56,124,840 over the last quarter. Company insiders own 20.90% of the company’s stock.

Tesla Trading Down 2.0 %

Tesla stock traded down $3.50 during midday trading on Friday, reaching $168.47. The stock had a trading volume of 72,359,349 shares, compared to its average volume of 108,584,360. The firm’s fifty day simple moving average is $171.97 and its two-hundred day simple moving average is $203.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market cap of $537.28 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 4.84 and a beta of 2.41.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $275.00 target price on shares of Tesla in a research report on Monday, April 29th. China Renaissance initiated coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating for the company. Piper Sandler reissued an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research note on Monday, April 22nd. Evercore ISI lowered their target price on Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. Finally, Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $195.00 in a report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $185.90.

Check Out Our Latest Research Report on Tesla

About Tesla

(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.

See Also

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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