Rockefeller Capital Management L.P. Purchases 299,398 Shares of Tesla, Inc. (NASDAQ:TSLA)

Rockefeller Capital Management L.P. increased its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 247.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,409 shares of the electric vehicle producer’s stock after purchasing an additional 299,398 shares during the period. Tesla makes up approximately 0.6% of Rockefeller Capital Management L.P.’s holdings, making the stock its 27th biggest position. Rockefeller Capital Management L.P.’s holdings in Tesla were worth $111,511,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sandy Spring Bank lifted its stake in Tesla by 186.6% during the 3rd quarter. Sandy Spring Bank now owns 8,378 shares of the electric vehicle producer’s stock valued at $2,223,000 after acquiring an additional 5,455 shares during the period. Beaird Harris Wealth Management LLC lifted its stake in Tesla by 1,681.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 588 shares of the electric vehicle producer’s stock valued at $156,000 after acquiring an additional 555 shares during the period. Hoylecohen LLC lifted its stake in Tesla by 198.1% during the 3rd quarter. Hoylecohen LLC now owns 102,530 shares of the electric vehicle producer’s stock valued at $27,196,000 after acquiring an additional 68,141 shares during the period. Stiles Financial Services Inc lifted its stake in Tesla by 164.2% during the 3rd quarter. Stiles Financial Services Inc now owns 6,499 shares of the electric vehicle producer’s stock valued at $1,724,000 after acquiring an additional 4,039 shares during the period. Finally, Montz Harcus Wealth Management LLC lifted its stake in Tesla by 199.7% during the 3rd quarter. Montz Harcus Wealth Management LLC now owns 2,769 shares of the electric vehicle producer’s stock valued at $734,000 after acquiring an additional 1,845 shares during the period. Institutional investors own 43.00% of the company’s stock.

Tesla Stock Up 0.1 %

NASDAQ TSLA opened at $143.89 on Wednesday. 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 P/E/G ratio of 1.18 and a beta of 2.02. Tesla, Inc. has a one year low of $101.81 and a one year high of $384.29. The stock has a 50 day moving average price of $148.77 and a 200-day moving average price of $220.41.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares in the company, valued at $14,484,090.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares in the company, valued at $14,484,090.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the sale, the chief financial officer now owns 200,411 shares of the company’s stock, valued at $21,906,926.41. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock worth $4,492,567,309 over the last three months. 25.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSLA shares. Robert W. Baird lowered their target price on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research report on Tuesday, January 3rd. TheStreet lowered shares of Tesla from a “b-” rating to a “c+” rating in a research report on Tuesday, November 1st. The Goldman Sachs Group reduced their price target on shares of Tesla from $235.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 2nd. Finally, Oppenheimer lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research report on Monday, December 19th. Six equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $216.60.

Tesla Profile

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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.