Tesla, Inc. (NASDAQ:TSLA) Stake Increased by Check Capital Management Inc. CA

Check Capital Management Inc. CA increased its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,503 shares of the electric vehicle producer’s stock after buying an additional 1,002 shares during the period. Tesla comprises about 0.0% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 26th largest position. Check Capital Management Inc. CA’s holdings in Tesla were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC increased its stake in Tesla by 200.2% during the third quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after purchasing an additional 19,711,687 shares during the last quarter. Baillie Gifford & Co. increased its stake in Tesla by 196.4% during the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after purchasing an additional 18,472,529 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Tesla by 189.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock valued at $2,484,549,000 after purchasing an additional 6,125,732 shares during the last quarter. SG Americas Securities LLC increased its stake in Tesla by 105.0% during the third quarter. SG Americas Securities LLC now owns 105,194 shares of the electric vehicle producer’s stock valued at $27,903,000 after purchasing an additional 2,209,304 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in Tesla by 217.2% during the third quarter. New York State Teachers Retirement System now owns 3,159,080 shares of the electric vehicle producer’s stock valued at $837,946,000 after purchasing an additional 2,163,098 shares during the last quarter. Institutional investors own 43.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TSLA shares. Truist Financial lowered their target price on shares of Tesla from $299.00 to $245.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company reduced their price target on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, January 13th. Guggenheim downgraded shares of Tesla from a “neutral” rating to a “sell” rating in a report on Friday, January 13th. Daiwa Capital Markets reduced 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, Evercore ISI reduced their price target on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, December 20th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $216.60.

Insider Activity

In other news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock worth $4,492,567,309 in the last 90 days. Company insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $143.89 on Wednesday. The company has a market capitalization of $454.37 billion, a price-to-earnings ratio of 44.46, a P/E/G ratio of 1.18 and a beta of 2.02. 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 current ratio of 1.46 and a quick ratio of 1.04. The business’s 50-day moving average is $148.77 and its 200-day moving average is $220.41.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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