Jamison Private Wealth Management Inc. Acquires 986 Shares of Tesla, Inc. (NASDAQ:TSLA)

Jamison Private Wealth Management Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,564 shares of the electric vehicle producer’s stock after buying an additional 986 shares during the quarter. Tesla comprises 1.2% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its 28th largest holding. Jamison Private Wealth Management Inc.’s holdings in Tesla were worth $8,305,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Tesla during the 3rd quarter valued at about $29,000. Clean Yield Group boosted its position in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $35,000. M&R Capital Management Inc. raised its holdings in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, Finley Financial LLC purchased a new position in Tesla during the 4th quarter valued at $64,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock valued at $212,451,751 over the last ninety days. Company insiders own 20.70% of the company’s stock.

Tesla Trading Up 0.3 %

Shares of TSLA stock opened at $398.31 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s 50-day moving average price is $399.99 and its 200-day moving average price is $295.57. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 109.13, a PEG ratio of 8.42 and a beta of 2.30.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSLA. The Goldman Sachs Group boosted their target price on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Mizuho raised shares of Tesla from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $313.84.

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.