Stiles Financial Services Inc Purchases 4,039 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stiles Financial Services Inc lifted its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 164.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,499 shares of the electric vehicle producer’s stock after acquiring an additional 4,039 shares during the quarter. Tesla makes up approximately 1.0% of Stiles Financial Services Inc’s portfolio, making the stock its 29th largest position. Stiles Financial Services Inc’s holdings in Tesla were worth $1,724,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. grew its stake in shares of Tesla by 0.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,761 shares of the electric vehicle producer’s stock worth $1,186,000 after acquiring an additional 11 shares in the last quarter. Advisor OS LLC grew its position in Tesla by 2.4% during the second quarter. Advisor OS LLC now owns 510 shares of the electric vehicle producer’s stock valued at $344,000 after buying an additional 12 shares during the period. Alera Investment Advisors LLC grew its position in Tesla by 1.4% during the second quarter. Alera Investment Advisors LLC now owns 852 shares of the electric vehicle producer’s stock valued at $574,000 after buying an additional 12 shares during the period. Stanley Laman Group Ltd. grew its position in Tesla by 4.0% during the second quarter. Stanley Laman Group Ltd. now owns 314 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 12 shares during the period. Finally, Trust Co. of Toledo NA OH grew its position in Tesla by 1.2% during the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer’s stock valued at $676,000 after buying an additional 12 shares during the period. Institutional investors own 43.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Guggenheim lowered shares of Tesla from a “neutral” rating to a “sell” rating in a research report on Friday, January 13th. Bank of America reduced their price target on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, January 17th. Oppenheimer lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research report on Monday, December 19th. StockNews.com began coverage on shares of Tesla in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, January 13th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $216.60.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The stock was 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 in the company, valued at $95,001,396,966.56. 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.

Tesla Trading Up 0.1 %

Shares of Tesla stock opened at $143.89 on Wednesday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The firm has a market cap of $454.37 billion, a PE ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The company has a 50 day simple moving average of $148.77 and a two-hundred 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.