Beaird Harris Wealth Management LLC Buys 555 Shares of Tesla, Inc. (NASDAQ:TSLA)

Beaird Harris Wealth Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 1,681.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 588 shares of the electric vehicle producer’s stock after buying an additional 555 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Tesla were worth $156,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cranbrook Wealth Management LLC boosted its holdings in Tesla by 224.1% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Coston McIsaac & Partners boosted its holdings in Tesla by 200.0% in the 3rd quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 64 shares during the period. Horan Securities Inc. boosted its holdings in Tesla by 164.3% in the 2nd quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares during the period. West Oak Capital LLC bought a new stake in Tesla in the 3rd quarter valued at about $27,000. Finally, Norway Savings Bank boosted its holdings in Tesla by 200.0% in the 3rd quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 70 shares during the period. Institutional investors own 43.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer downgraded shares of Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, December 19th. Roth Capital boosted their price objective on shares of Tesla from $83.33 to $85.00 and gave the company a “neutral” rating in a report on Thursday, October 20th. Mizuho cut their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, January 5th. Daiwa Capital Markets cut their price target on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a report on Tuesday, December 20th. Finally, Wedbush cut their price target on shares of Tesla from $250.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, December 23rd. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.60.

Insider Activity

In other news, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the sale, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is currently owned by insiders.

Tesla Trading Up 0.1 %

NASDAQ:TSLA opened at $143.89 on Wednesday. The firm’s fifty day moving average is $148.77 and its 200-day moving average is $220.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $384.29. The firm has a market cap of $454.37 billion, a P/E ratio of 44.46, a P/E/G ratio of 1.18 and a beta of 2.02.

About Tesla

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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.