Greenspring Advisors LLC Acquires 421 Shares of Tesla, Inc. (NASDAQ:TSLA)

Greenspring Advisors LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 126.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 753 shares of the electric vehicle producer’s stock after acquiring an additional 421 shares during the period. Greenspring Advisors LLC’s holdings in Tesla were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cranbrook Wealth Management LLC raised its holdings in shares of Tesla by 224.1% in the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Coston McIsaac & Partners raised its holdings in shares of Tesla by 200.0% during the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 64 shares during the last quarter. Horan Securities Inc. grew its position in Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 23 shares during the period. West Oak Capital LLC acquired a new stake in Tesla during the third quarter valued at $27,000. Finally, Norway Savings Bank grew its position in Tesla by 200.0% during the third quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. Morgan Stanley cut their price target on Tesla from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, December 28th. Wolfe Research reduced their price objective on Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Evercore ISI reduced their price objective on Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 20th. Finally, StockNews.com initiated coverage on Tesla in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Six research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $216.60.

Insider Activity

In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 1,312 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at $11,442,600.13. The disclosure for this sale can be found here. In the last three months, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. Insiders own 25.10% of the company’s stock.

Tesla Stock Up 0.1 %

Tesla stock opened at $143.89 on Wednesday. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. The company has a market capitalization of $454.37 billion, a P/E ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02. The stock has a 50-day simple moving average of $148.77 and a 200-day simple moving average of $220.41.

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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